The cardinal rule of asset protection is that the planning must be put into place well before there is a claim against you or any of your assets.
Estate Law
If you believe that your elderly loved one is the victim of abuse, you should contact a qualified elder law attorney immediately to discuss your options.
Contesting a will is not usually a simple matter. There are, however, some specific legal grounds for contesting a will that can be used successfully.
At Hays Firm, we recognize that an individual’s family does not always include those people who are defined as “family” under the law.
The word “probate” often makes people nervous or worried about an extended legal battle. Most simply, probate is the court process of appointing a personal representative to handle someone’s affairs after he or she dies.
With a Power of Attorney for Healthcare, you can nominate a person to act on your behalf to make decisions based on your personal values and wishes if you are unable to make these decisions yourself.
As we have discussed in previous blogs, the Power of Attorney for Healthcare is one of the simplest and most effective estate planning tools.
Everyone understands that it is impossible to predict an accident or the onset of a serious illness. However, life can change in an instant and you may be left unable to make decisions about your health care.
Because your agent is given such extensive decision-making power over your health and well-being it is important to nominate someone you trust.
Unfortunately, many people do not realize that their elderly loved one was the victim of financial exploitation until after the loved one’s death.