When you're caring for a parent with dementia, there are some things you need to do to stay on the right side of the law. It's common for aging adults to deal with conditions like dementia or Alzheimer's disease, so understanding when your parent is no longer able to make decisions can help you when working on financial and legal matters.
As you begin thinking about who will care for your children should you die tragically young or where your assets will go upon your death later in life, you also need to consider a power of attorney. This is an important designation that is included in any and all estate plans. You need to find someone whom you can trust and you don't foresee leaving your life in a negative way or else you will have to update your documents.
Making a major mistake with your estate plan could result in financial ruin, trouble in court or massive taxes. There are dozens of things that could go wrong, but a few are more likely than the others.
Medicaid is a vital safety net in the United States. Approximately 74 million Americans receive health benefits through the program. This includes people with disabilities, senior citizens and children.
When you think about someone you love dying, the last thing you imagine is having to fight over his or her will. Despite that, many families do end up struggling as a result of changes to wills they never saw coming.