If you care for an aging parent in California, you know how easy is can be for seniors to get lured into financial frauds. Fortunately, there are steps you can take to prevent scam artists from taking advantage of your loved ones to access their funds. USA Today offers the following advice in this case, which will help you safeguard your parent’s finances.
When it comes to retirement accounts and life insurance policies, you want to make sure the right heirs receive the proceeds. That’s why beneficiary designations are so important. As another type of estate planning tool, designating beneficiaries will ensure that your assets are dispersed in the manner you deem appropriate, as opposed to leaving the decision up to the court. TheBalance.com offers more information on how beneficiary designations can help you.
Whether you are setting up an estate plan and are worried about how probate matters may affect your loved ones in the future or you are in the middle of a probate dispute, our law firm recognizes that these issues can be incredibly hard to work through. Furthermore, you may be facing challenges in your personal life that add to what you are already going through. For example, you could be struggling with a health crisis such as a cancer diagnosis, serious injuries following an unexpected accident or some other type of serious health problem.
Growing up, you may have thought your parents were invincible beings. They were always there when you needed them and seemed to always have the ability to handle any difficulties, whether yours or their own. Of course, as you reached adulthood and your parents got older, you may have come to realize that they are more vulnerable than you once believed.
For people estate planning in California, avoiding common mistakes is a key concern. One major mistake is using a will alone, which can result in a protracted and often costly probate hearing. Forbes explains some of the most common estate planning mistakes and how you can avoid them.
Unfortunately, elderly people are often targets of abuse by certain individuals, including close family members. Some people may look at aging people as easy to take advantage of, especially when it comes to financial matters. Accordingly, being able to recognize the signs of elder abuse is crucial, which is why Caring.com offers the following information.
If you’re working on your estate plan in California, you may be thinking about how your heirs will react to your decisions. In many families how assets and property are distributed after a person’s death often leads to conflict, especially when adult children believe they were intentionally left out of the loop. While you can’t always stop fights between your children after you’re gone, AARP offers the following advice to help you keep tensions from rising.
For many adults in California and elsewhere, one of the saddest moments is when they realize their parents need their help. This may be a little thing, such as becoming disoriented in their own kitchen, or it may be a sudden change like an accident, medical event or terminal diagnosis.