A Third of Americans Spend Their Entire Inheritance Within Two Years!
A researcher at Ohio State University found that Americans who receive an inheritance save about half of it and spend, donate or lose the rest. However, almost 30% of Americans who receive the inheritance had negative savings rate within 2 years of receiving the inheritance, meaning that they spent it all.There are strong...
A Third of Americans Spend Their Entire Inheritance Within Two Years! Continue reading…
Does a lawyer use ‘cookie cutter’ documents when dealing with elder clients? What issues must be considered when formulating a plan of actions?
Someone asked me recently whether or not I use ‘boiler plate’ documents. Another person said “I need a trust”, without a real understanding of what a trust is and why it would be useful. There are many misconceptions about a work of an elder law lawyer, but under no circumstances should a lawyer use...
Does a lawyer use ‘cookie cutter’ documents when dealing with elder clients? What issues must be considered when formulating a plan of actions? Continue reading…
Power of Attorney – an important document that every adult should have.
What is it? A Power of Attorney is a document that gives another person (your agent) the authority to make legal decisions and transactions on your behalf. Why do you need it? If an individual loses the capacity to act on his own behalf, then the agent can act for him. If there is no...
Power of Attorney – an important document that every adult should have. Continue reading…