Your Aging and Preparedness Kit

January is the month we make our resolutions for the New Year. Usually these resolutions involve diet, exercise, quitting smoking and the like. A resolution that should not be overlooked is organizing our legal and financial affairs for the...

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Varieties of Power of Attorney

Dear Mr. Premack: Does a power of attorney have to be notarized in order for it to be valid? - CRM Your question is deceptively simple because you say “power of attorney.” There are a variety of legal instruments which...

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Power of Attorney v. Guardianship: Why It’s Better Not to Wait

One of the most frequent comments that an elder law attorney hears when working with a guardian for a disabled person is how unexpected the costs involved with a guardianship are. Often times family members will start to notice...

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Can I Claim My Parent as a Dependant

Dear Mr. Premack: As I get serious about completing my tax return, I am wondering if it is possible to reduce my taxes by claiming my father as a dependent. He lives in assisted living but could not afford...

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The Value of Hiring an Elder Law Attorney

By Dana Perry, CELA and Ryan Barry, Chambliss, Bahner & Stophel Families coping with both the emotional and legal complexities associated with long term elder care face a unique yet serious set of challenges.  As a result, many individuals facing...

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How to protect qualified accounts from creditors, predators, youth, and inexperience

The Problem – and the Opportunity On a regular basis, estate planning attorneys encounter clients who have successfully accumulated large amounts in qualified retirement plans.  These qualified monies may be sitting in individual retirement accounts (IRA's), or they may be...

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Financial Decision Making

After you have completed your Health Care Decision-making documents, the next step in your Aging Preparedness Kit is to prepare a Power of Attorney for financial matters. A Power of Attorney is a written document in which you, as...

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End of Life Decisions

Most people have been told that if a paramedic is summoned to their home for an emergency, the paramedics must take any and all necessary procedures to cause the person to keep breathing until transported to the hospital.  In...

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Coordinating Your Will and Your IRA Beneficiary

Dear Mr. Premack: My husband and I have been married for many years but we each have two grown children from our first marriages. All of the assets we have now were accumulated during this second marriage and we...

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Top Estate Planning Concerns for Individuals Age 55 and Over

Estate planning is generally important to individuals of all ages, but America's Baby Boomer population has most certainly entered the age group where such planning becomes of great importance.  This Article gives a brief overview of several considerations that...

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