Category: Parents

Granny We Need to Talk: Questions that Can Stop Elder Fraud in Its Tracks

By elisa on Jan 28, 2013 in Aging Parents, Asset Protection, Asset Protection Trusts, Charitable Giving, Grandchildren, Parents, Power of Attorney, Risks of joint ownership

In our past two posts we talked about how Elder Fraud is on the rise and the types of fraud to look out for. Here are 7 questions to ask your friends and loved ones that can raise red flags about the possibility that they are being set up as a target for Elder Fraud: [...]

Granny, Can I Borrow Your Flat Screen TV? Types of Elder Fraud to Watch Out For

By elisa on Jan 21, 2013 in Aging Parents, Asset Protection, Nursing Home, Parents, Power of Attorney

In our last post we talked about how Elder Fraud is sadly on the rise. In this post we want to give you a heads up about specific types of fraud to look out for. Scams to watch out for from strangers: Fake prizes and sweepstakes Too good to be true investments Donations to phony [...]

Granny Got Robbed: A Series on Elder Fraud

By elisa on Jan 14, 2013 in Aging Parents, Asset Protection, Cost of Poor Planning, Grandchildren, Kids' Inheritance, Parents, Power of Attorney

When you see an article in the paper about a senior being taken advantage of, it often involves a power of attorney. A power of attorney is a great legal tool that lets someone else help you pay your bills or manage finances and property. But, watch out! If you name the wrong person, you [...]

Season Tickets and Estate Planning: When Is It Time to Reevaluate?

By David Edwards on Nov 05, 2012 in Asset Protection, Death of a Loved One, Divorce Risks, For Your Kids, Kids' Inheritance, Marriage & Remarriage, Name Guardians, Parents, Wills and Trusts

The email from the University of Illinois said, “We still have not received your payment to renew your 2012-13 Men’s Basketball season tickets.” But that still didn’t change our decision. I always had season tickets during college and most of law school. And after a bit of a break, started them again in 2003. But, [...]

Post-it Notes Are Not Legally Binding

By David Edwards on Oct 09, 2012 in Cost of Poor Planning, Grandchildren, Kids' Inheritance, Probate, Wills and Trusts

I once heard of someone asking her grandchildren to go around the house putting Post-it notes on the things they wanted after she was gone. Is it enough to put Post-it notes on things in your house to say who gets them after your death? I suppose it’s better than nothing, but there are definitely [...]

8 Keys to Effective Long-Term Planning

By David Edwards on Sep 11, 2012 in Asset Protection, Cost of Poor Planning, Family Farm, Grandchildren, Kids' Inheritance, Long Term Care Risks, Wills and Trusts

Long-term Care Planning is one of the biggest issues facing aging adults today. With experts projecting that nearly 60% of all individuals will need long-term care at some point in their life, the issue cannot be ignored. And yet, many surveys and statistics are showing that people are doing just that. Without proper planning, the [...]