Long term care insurance is not just for those persons getting close the retirement age. Recently, a growing number of young adults in their 20’s and 30’s are obtaining long-term care insurance. The American Association for Long-Term Care Insurance released a study that found a 28 year old who had been receiving benefits from his…
Due to the current economic downturn, many elders have experienced difficulty in paying their monthly expenses. In fact, some studies suggest that more than half of all older households have insufficient income to meet their basic living expenses. As a result, many baby boomers are withdrawing the equity from their home through the use of…
If you have a parent or other family member who suffers from a physical or mental disability which interferes with their ability to make appropriate decisions concerning their welfare and finances, you may need to consider filing a petition with the local probate court to be appointed as a Guardian and/or Conservator. In Georgia, a…
A lot of families in North Georgia have either personally been affected by Alzheimer’s disease, or know a family who has. As all of us get older, it is inevitable that some of our friends and family members will be diagnosed with Alzheimer’s disease or dementia. Dementia refers to the general decline in mental ability…
For many of our clients, a common plan among married clients is to leave all of their property to their spouse outright. While that it typically not a bad option for a happy couple with a solid marriage, it is not usually the preferred disposition after the happy couple divorces. After a major life event…
In Georgia, the Georgia Department of Community Health operates a program where the State of Georgia gets reimbursed from the estate of deceased Medicaid members who received Medicaid benefits for long term care such as nursing home care or community care services. When a Medicaid member accepts Medicaid benefits, a debt is established against the…
In helping clients with their estate planning and elder care needs, it seems that some families keep secrets until death and others are more open about the financial affairs of elderly parents. Understandably, most parents do not share their financial information with their children until after the parents start to reach their sixties and seventies….
Have you been nominated to serve as the Executor of a family member’s Last Will and Testament or are you considering being appointed as the Administrator of an intestate estate? Before you assume that responsibility, you should consider some of the rights and responsibilities that go along with the role. Pursuant to Georgia law, an…
Although not much is surprising when it comes to the conduct of soon to be ex-spouses, I do find it odd when one partner continues to buy holiday gifts for the other despite no evidence of any chance of reconciliation. Most often, the Husband seems to believe that the wife or more appropriately, soon to…
For many of our clients, a common plan among married clients is to leave all of their property to their spouse outright. While that it typically not a bad option for a happy couple with a solid marriage, it is not usually the preferred disposition after the happy couple divorces. After a major life event…
