Worry is a two-way street. Children are just as concerned about the state of their parents’ planning as parents are concerned about their children’s affairs being in order. Many children are frustrated with parents who are past sixty but refuse to acknowledge the need for estate and incapacity planning, leaving the younger generation in a state of complete uncertainty about the future and the looming prospect of elder care and eventual estate administration without guidance or legal roadmap. Parents should (1) take stock of family resources, (2) consider the enormity of the tasks responsible children will undertake on their behalf, (3) structure a comprehensive estate plan, and (4) communicate that plan to the responsible child or children.
- Social Security Disability and The Americans with Disabilities Act
- The 6 Things You Should Think About Before Retiring
- Estate Planning Is Vital for All, Regardless of Asset Level
- What the Federal Long Term Care Insurance Program Means for You
- How to Plan for Short Term Disability
- Buying Special Needs Housing? Use These Tips!
- Elville and Associates to Host Series of Estate Planning Workshops October 22nd – 24th in Columbia/Ellicott City
- Why Wealthy Retirees Don’t Spend Their Money
- Meeting with Family About Elder Care
- Elville and Associates’ 2019 Annual Client Event — “What Families Need to Know about Planning for Loved Ones with Disabilities”