End-of-life care is not always the most comfortable topic to discuss, but it is a necessary aspect to consider when seniors are coordinating their finances. Estate planning for seniors should not be a challenging subject, but many people find it hard to keep track of all the elements that asset protection can involve. From trusts to tax reduction and everything else in between, asset protection for seniors can be a simple process for many seniors. It bodes well to consider this topic sooner rather than later, but it is never too late to kick into asset protection mode. Here are a few of the topics to discuss with an estate planning attorney when learning about asset protection for seniors:
Hiring a financial advisor is an excellent way to have your money managed responsibly. Managing your money can be tough, and with all the ins and outs of the trade, it’s often best to find someone who’s knowledgeable and experienced in such tasks. But finding a financial advisor isn’t easy, particularly if you don’t have a lot of time to put into this undertaking. Job one will be finding a financial advisor you can trust. Naturally, your search needs to end with someone who is educated and has the necessary expertise to properly manage your funds. Finally, you need to find someone who will communicate with you regularly and who is accessible when you need them. Here is a list of the most important things to look for in a financial advisor, compiled by top financial advisors who know of what they speak.
Everyone has an estate, even those who do not consider themselves wealthy. An estate is comprised of anything someone owns including their home, vehicle, bank accounts, life insurance policies and other personal possessions like jewelry. Estate planning is the process of determining what will be given to whom (individuals and organizations), when an untimely death occurs. Top estate law attorneys emphasize the critical nature of estate planning. Here are some of the most common questions they receive regarding this topic.