Many elders in Boston will need long-term care sometime in the future. The progressive degeneration that often occurs with age can allow elderly individuals to expect a need for long-term care, but this is not always the case. Unexpected changes in an individual's health can result in a surprise need for long-term care. Regardless of how the need arises, planning for such care can be hard. Because of the effort that is necessary and the often unexpected causes of need, long-term care planning should be a part of any person's priorities.
What's a testamentary trust?
Older individuals in Boston are often worried about what they might do if they become incapacitated. While this is a legitimate concern that can be reduced by establishing a power of attorney, it is not the only way that an individual can be considered incapacitated, at least when it comes to estate planning.
Tax changes can cause waves in estate plans
This year has many people in Boston wondering about the future of their estate plans. Many changes are set to occur at the end of the year, and it has left some uncertain about the current standing of their plans and the choices they have made in regards to those plans.
Boston women still need to plan an estate when single
Seniors hoping to achieve the best asset protection for their estate should disregard any information that tells them that their single status negates the need for estate planning. This is simply not true. Though commercials for retirement plans and retirement homes often show couples growing old together and enjoying the company of one another, this is not the reality for everyone in Boston. Several things can cause an elderly person to be single, and estate planning should still be a priority.
