Legacy Care Law Firm

Like with many things in life, sometimes the most difficult aspect of estate planning is simply getting started. For years, we’ve encouraged our clients to consider their biggest life fears. Are they worried about not leaving enough for loved ones? Maybe they’re concerned about who will care for their minor children should an accident or illness cut their own lives short? Even then, it can be a bit challenging trying to get your mind around these important “what if” scenarios. With that in mind, … [Read more...] about Jump Start Your Estate Plan

We all know the important role mediation plays in a myriad of legal disputes – whether it’s who has custody of children in a divorce or who gets the vacation home – those who can successfully incorporate mediation are typically better off, both emotionally and financially. Is there room for mediation in estate planning? Estate Planning Mediation A mediator’s role is to work with both parties involved in any kind of legal quagmire. It’s generally a more affordable option for those parties, … [Read more...] about Estate Planning Mediation

Nothing like the generosity of grandparents. As kids, we adore our grandparents and as adults, we watch our parents become the grandparents as they influence our children; all the while, making sure the world knows that whatever the little darlings want, they’ll ensure they have it. And at some point, we begin to envy them and begin to look forward to the kind of happiness we hope to know when we’re older. It’s little wonder, then, that grandchildren are at the root of every decision made in … [Read more...] about Estate Planning and Grandchildren

The cost of dementia for worldwide care is more than $600 billion annually. To put it into context, the International Monetary Fund lists South Africa’s economy $595 billion. Every year, the number of diagnoses and the costs associated with caring for those with memory disorders will continue to rise. With the passing of comedian Robin Williams in recent days, and then the disclosure that he had early stages of Parkinson’s disease, these neurological diseases are again in the spotlight. It also … [Read more...] about Medicaid Planning After a Dementia Diagnosis

Psychological Science just released a new study about the correlation between our physical health and financial health. The question was simple: Are poor physical and financial health driven by the same underlying psychological factors? Turns out, those who take the time to plan for their futures – 401 (k) planning, long term insurance, etc. – are more likely to enjoy better physical health. To be sure, this is just one more great reason why retirement planning is so important. How Retirement … [Read more...] about Another Reason for Retirement Planning

In our uncertain economic and healthcare environment, we’re all keeping a very close eye on the costs associated with all things related to those two dynamics. If you care for an elderly loved one, you know well how stressful that can be. Over the past five years, there has been a 25 percent increase in nursing home costs and in fact, these costs are now twice the amount that it takes to send a kid to college. It’s not just those in private rooms, either. For those who are in semi-private … [Read more...] about Why are Private Nursing Homes So Expensive?

Let’s face it – human nature is as unpredictable as politics. Putting into place your last will and testament, regardless of how careful you are, doesn’t mean it won’t be contested. In fact, contesting a will in New Hampshire happens far more often than many realize. The last will and testament is supposed to be the final say on how property and assets are distributed to loved ones and other heirs. They’re important because it provides clear direction on a deceased person’s intentions and … [Read more...] about Contesting a Will in New Hampshire

It sounds a bit unpleasant, but accelerated death benefits policies are quickly making their way into mainstream long term care insurance options. Devised to solve a number of quagmires, these policies address concerns of many seniors who worry that traditional long term insurance policies may never be used, thereby making it a waste of money at a time when they’re keeping a close eye on their finances. To address those realistic concerns, insurance companies have found a way to make it a better … [Read more...] about Understanding Accelerated Death Benefits

In a matter of days, the new rules for reverse mortgages are slated to kick in. These rules were designed to clarify the uses of reverse mortgages, protect both spouses and shift the way the loan values are calculated. If you’re considering a reverse mortgage, here’s what you can expect after August 4. Reverse mortgages are reserved for those who over the age of 62 and who need a way to take advantage of their home equity. Whether they’ve lost part of their retirement due to the recession or … [Read more...] about Reverse Mortgages: Using Your Home to Stay at Home

Private nursing home costs are rising fast, so much so that it’s now twice as much as college tuition in most states. On average, these costs have increased by 25 percent over the past few years with the average cost now at $83,948. The costs for semi-private accommodations aren’t much better, they come in at just $10,000 less annually. The costs of private nursing homes are high, but there are even more increases on the horizon for those living in assisted living facilities, as well. As baby … [Read more...] about Costs of Private Nursing Homes Increasing