As you age, there's a chance that you may not be able to make health care decisions on your own. The same holds true if you suffer a serious injury or are struck down by an illness.
There is nothing more exciting than bringing a child into the world for the first time. While your life is sure to change in many ways, there's nothing you can't handle with proper preparation.
As your parents age, you'll have a lot of worries running through your mind. For example, it's common to have concerns about their estate plan.
When it comes to estate planning, there's so much gray area that it's easy to confuse fact and fiction. Unfortunately, if you believe a simple myth to be true, it can harm your ability to create a comprehensive, legally binding estate plan to protect you and your family.
There may come a point when you're seeking a nursing home facility for yourself or a loved one, such as an aging parent. With the right long-term care plan in place, you'll find it easier to not only make a final decision but to also pay for the required service.
Creating an estate plan can be confusing, challenging and rewarding all at the same time. This is particularly true when you take into consideration long-term care planning, as it brings you face-to-face with the possibility that you may require regular health care assistance at some point in the future.
Once you create an estate plan, you'll feel much better about the state of your affairs. However, don't assume that you're set for the rest of your life.
The simple thought of estate planning has the potential to raise your blood pressure and make you sweat. And if you're actually in the process of making estate planning decisions, there's a good chance you'll feel even more anxious.
As your parents age, it's natural to have concerns about their estate plan. Even if they have a plan in place, it never hurts to discuss it with them to ensure that they haven't overlooked anything of importance.
For many Californians, estate planning is about setting their loved one's up for as much financial stability as possible. In many cases, this means splitting an estate amongst children or leaving everything to a surviving spouse. While many individuals wish they had more assets to leave to their loved ones, there are some instances where an estate planner may be concerned about leaving too much.