In a previous post, I wrote about fiduciaries, what they are and how they function in your estate plan. I covered Powers of Attorney and Powers of Medical Attorney. In this post, I am going to discuss the Executor. The primary difference between an agent under a power of attorney and an Executor is that
It’s sad to say, but the holidays are over and it’s time to get back to business. For many, that means following up on New Year’s Resolutions. And for many, myself included, that means getting organized. Whether you have resolved to organize your closets or finally get all the office paperwork in order, you should
We are all reluctant to think about the need for long-term care or the costs associated with it. We all want to believe that our families will have the time, resources, and ability to care for us until the end, and that we’ll be able to pass peacefully at home. But that happens less
When I work with clients to create a plan, one of the most important elements we discuss is who will be carrying out their wishes. In general, my clients find that they need to fill five primary positions: Power of Attorney, Medical Power of Attorney, Executor, Guardians, and Trustees. These are your “fiduciaries.” Many
When Elder Care attorneys talk about the need to plan for long-term care, what exactly are they referring to? Unfortunately, when we think of long-term care, we often think of a nursing facility, but long-term care is simply the need for ongoing assistance. A person who needs long-term care may not need to be
I am a member of the “sandwich generation.” My husband and I have a daughter in elementary school and parents nearing or at retirement. But you don’t have to have a small child to be a member. The “sandwich generation” also includes those parents with adult children struggling to make it on their own.