Elder law and estate planning are often used interchangeably, but there are significant differences between them. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial to prepare for successful aging and preserve a family legacy.
What Does a “Fiduciary” Do?
There may be a situation in which you are asked to act as power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs.
The Process of Preparing a Living Will
In the event of an accident or illness that prevents you from making medical decisions, an advance health care directive outlines how you want medical professionals to act. A living will is crucial for all adults because accidents or a sudden onset of severe or terminal illness can happen anytime, rendering you unable to make medical choices.
Advance Directives: What Do They Entail?
The tears were streaming down Kevin’s face as he stands at the door of Winnie’s nursing home room. The medical staff just finished inserting a feeding tube into Winnie – an act Kevin knew she didn’t want.
The Five Most Important Legal Documents
All Americans who wish to protect their families and themselves must have an estate plan. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health.
Understanding Revocable Trusts
This was a question we received from a client: A revocable trust created by my brother left money to my children – but they could only use that money if they went to Tanzania to see elephants. Why can’t my kids put that money toward something they could use, like paying off their mortgages? The trustee says she has no choice, and she has to follow my brother’s instructions.
An Analysis of Elder Law and Estate Planning
Estate planning and elder law serve different functions, but both are equally vital to protecting yourself and your family.
Generating Wealth After You Are Gone: Controlling Your Legacy
For generations to come, you have worked hard to create and protect your legacy. But have you thought about the impact it will have on family members who are in different stages of life after you are gone?
Estate Planning in the Digital Age: 4 Obstacles to Avoid
The Internet of Things (IoT) is intertwining our lives, so identifying and managing the digital property we own is more critical than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet to email family and social media to connect with friends.
Ensure Your Final Wishes Are Fulfilled
There can never be enough emphasis placed on making end-of-life preparations. Many put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time.
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About Cherewka Law
We are a law firm in Harrisburg, PA dedicated to providing comprehensive, highly personalized planning services to individuals, couples, families and businesses.
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