The Importance of Family in a Senior’s Life Family is one of the most important factors in a senior’s quality of life. Strong family connections create a reliable social network that supports emotional and physical well-being. Friends may move away, become ill, or even pass on. Family, however, is multigenerational and offers an enduring presence. […]
Preparing for a successful transfer of wealth to your loved ones begins with a comprehensive estate plan. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and up-to-date estate plan, your family may experience emotional or financial turmoil despite your best efforts.
Communicating Your Estate Plans and Goals With Family Read More »
Becoming a Legal Guardian of Your Aging Parent Taking on guardianship of an aging parent is a major responsibility that grants you the legal authority to make decisions about their care and well-being. Guardianship duties can include: Overseeing daily care and living arrangements Making medical decisions and coordinating treatment Managing financial decisions, when combined with
Prevent Family Feuds from Becoming Legal Battles Family disputes over inheritance are some of the most painful — and expensive — conflicts a family can face. When disagreements escalate into legal action, they can lead to: High legal fees Delays in estate settlement Broken family relationships Fortunately, with the right planning, you can prevent many
Farm Succession Planning: Protecting Your Family Farm and Legacy Farm succession planning is the process of preparing to transfer ownership and management of a family farm to the next generation. Imagine this scenario: Mom and Dad have run the family farm for decades. Now, they’re getting older and considering downsizing to a smaller home. One