Legal and Financial

Creating a Will: Guidelines & Considerations

Creating a Will: Guidelines & Considerations

Writing a will is a crucial task that provides peace of mind for both you and your loved ones. Once you’ve created a will, you can rest assured that your family will be taken care of and that your assets will be managed appropriately after your passing. A will lets your family members know what your final wishes are, so they can find peace and closure in fulfilling those wishes. 
 
It isn’t necessarily easy to create a will, as we rarely want to consider our own mortality. But it’s important, both for you and your family, that you have a will. The process of creating a will is not overly complicated or expensive, and it is well worth the clarity and comfort it provides. 
 
This post highlights some of the important aspects of will creation. This guide should ensure that you don’t miss any key components when creating your will or helping a loved one create theirs. If you make sure that the will you write includes the following components, it will be legally valid and will stand up to any challenges. 

The Pros and Cons of a Reverse Mortgage

The Pros and Cons of a Reverse Mortgage

You want to be sure that you fully understand the advantages and disadvantages of a reverse mortgage before choosing it to help with current expenses and maintain your lifestyle. We will explore the pros and cons of this loan agreement to help you make the best decision that suits your needs.

How to Talk to the Doctor About Your Aging Parent's Health

How to Talk to the Doctor About Your Aging Parent's Health

Your aging mother or father may not want to listen to your advice or instructions concerning their health, and you may find it difficult to disseminate the guidance to help the parent stay as healthy as possible. Nevertheless, by collaborating with your parent’s primary care physician, you can help ensure that they receive instructive guidance in a manner that they can willingly receive. A parent may not want to listen to your instructions, but like many older people, your loved one may highly respect a physician.

Here are a few tips to get you started:

A Question of Competence

A Question of Competence

The ability to decide our own fate is covered by the legal term, competency. Having competency signifies that you are able to make your own decisions regarding a legally recognized act in a rational manner. Unfortunately, there are medical conditions that can take this ability away from your loved one, such as Alzheimer’s disease. Under such circumstances, it becomes necessary for others to take on the decision making role, and ideally this will be someone who is close enough to understand the choices your loved one would have made if they were capable.

How to Estimate the Cost of Aging

How to Estimate the Cost of Aging

Most people are able to make preparations for the future. Planning to take a summer vacation to Malta? You know you need to set aside some money for travel expenses, and to ensure you have enough time off work. However, planning becomes much more difficult when you’re trying to plan for an entire life shift. Aging is a continuous process that we think we are ready to handle because we have been dealing with it for our entire lives. But, as we get older, the aging process rapidly speeds up and comes with many necessary adjustments that will seem overwhelming to the unprepared. 

Paying for Home Care

Paying for Home Care

Depending on your needs, home care can get very expensive, so understanding all of your options is critical. We’ll look at public funding that is available, some pre-planning you can do, and possible solutions if you still fall short of your needs.