Estate planning attorneys often focus on elder law matters as well, because the two are inherently intertwined. Yes, it is important to state your final wishes to make sure that your financial assets are properly transferred to your family members after you are gone. At the same time, you should address potential end-of-life issues as well. With the above in mind, let’s look at one of these eventualities that a very significant percentage of seniors will face toward the end of their … [Read more...] about Proactive Planning Can Prevent a Conservatorship
People are routinely on high alert when it comes to the potential for mistakes that can have negative financial consequences. Strangely enough, many of the same individuals are not as careful when it comes to inheritance planning matters. In an effort to raise awareness, we will highlight a few estate planning traps that often ensnare the unwitting. Ongoing Procrastination A 2019 survey that was conducted by Caring.com underscores the widespread phenomenon of estate planning unpreparedness. … [Read more...] about Avoid These Inheritance Planning Traps
When you are planning ahead for the future, you should prepare yourself for each stage of life. There are the active retirement years, and there are the twilight years that will inevitably follow. It may not be the most pleasant thing to consider, but you may become unable to handle all of your own day-to-day needs when you reach an advanced age. Incapacity is not uncommon among elders. The term "oldest old" is used to describe those who are at least 85 years of age. Around 40 percent of the … [Read more...] about Advantages and Disadvantages of a Conservatorship in San Jose
We like to answer frequently asked questions on our blog, and today we will look at the difference between a conservatorship and a power of attorney. California Adult Conservatorship First, we should clear up the matter of guardianship versus conservatorship. Guardians and conservators are court-appointed representatives. In some states, a guardian would make personal decisions for a ward, and a conservator would make financial decisions. In others, a guardian makes all types of decisions for a … [Read more...] about Incapacity Planning in San Jose: Difference Between a Conservatorship and a Power of Attorney
Elder care attorneys assist clients who are preparing for the eventualities of aging. Possible future incapacity would be one of these eventualities. Guardianship or conservatorship proceedings could enter the picture if appropriate preparations have not been made prior to incapacity. Incapacity Planning in San Jose CA California Conservatorship The terms guardianship and conservatorship are used differently in different states. In general, a guardian or conservator handles the affairs of a ward … [Read more...] about Incapacity Planning in San Jose CA: What Is a Guardianship or Conservatorship?
As San Jose CA elder care attorneys, we make a point of emphasizing the importance of incapacity planning. This is because so many people fail to plan ahead for this contingency. A lot of people fail to plan ahead for possible incapacity because they think that it is something that only happens to "the other guy." In reality, every man and woman should take the matter seriously, because incapacity strikes a very high percentage of our nation's elders. People become unable to handle their own … [Read more...] about Incapacity Planning in San Jose: Who Manages My Property if I Become Incapacitated?