Challenges Facing Children of Aging Seniors-Power of Attorney, the Legal Authority to Help

Children are usually the natural advocates for their parents.  While they are often willing to honor their parents by becoming caregivers, they often are unaware of the challenges that they face.  One challenge is determining whether they have the legal authority to take actions on their behalf.  In the absence of proper planning a guardianship… Continue reading Challenges Facing Children of Aging Seniors-Power of Attorney, the Legal Authority to Help

Convert Life Insurance into a Long Term Care Benefit Plan

This is a brochure and also an application used by Life Care Funding. Often they are able to provide a living cash benefit.

Mom is aging and needs lots of care but has limited resources. The family is looking for a way to cut her unneeded expenses while meeting her needs. One expense that families consider cutting is a life insurance policy. After all, most of us purchase life insurance to pay for living expenses of a family,… Continue reading Convert Life Insurance into a Long Term Care Benefit Plan

The Flexible Irrevocable Trust Provides Asset Protection

  Revocable Trusts are familiar to anyone who has considered estate planning. Basically, the Settlor (person creating the Trust) retains complete control over the assets in the trust, can withdraw the principal for any reason, can change the beneficiaries, and can change the successor Trustees. The problem with a Revocable Trust is that whatever you… Continue reading The Flexible Irrevocable Trust Provides Asset Protection

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