So, what happens with your estate plans if you are not in a traditional nuclear family? There is quite a lot that can fall under the umbrella of a non-traditional family, and the recommendations will vary depending on your specific circumstances.
Stuck in a senior facility during the pandemic and unable to participate from far away, an elderly woman needed to sell her home but had never drafted her POA.
Some problems can be avoided by proper planning, others by good practices during the estate administration process.
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
A power of attorney is a legal document with which a principal authorizes an agent to act on the principal’s behalf and for the principal’s benefit.
You may lose the ability to manage your own affairs as you grow older. Therefore, it’s necessary to have an incapacity plan in place.
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
Dealing with a sick family member is a challenging and emotional time.
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
Why Elder Law Is Necessary? In two words: baby boomers.
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