If you have been named as an executor in your loved one’s will, you might wonder if you are entitled to be paid for your work. Serving as an executor means that you will be required to fulfill many different duties that can be time-consuming. At Elder Care Direction, we can help you to understand…
If you are currently thinking about how to plan your estate, you might wonder how you should choose your executor. The executor of your estate will have many different duties and responsibilities such as handling your estate in probate court, managing your assets, paying your debts, and distributing the proceeds of your estate to your…
If you are nearing age 65, you may be wondering about Medicare and what it is. It is a federal health insurance program for people who are ages 65 and older. People who have certain types of disabilities may also be eligible for Medicare. The program is divided into different parts. The staff at Elder…
If you are nearing age 65, you might be thinking about Medicare. Medicare can be confusing to people because of the different parts. In addition to Medicare Parts A, B, C, and D, there is also a type of policy called Medicare Select. This policy is a Medigap policy that keeps your coverage within a…
A simple living trust can help you to avoid the probate process. When you create one, you will need to decide who you will name to serve as your successor trustee. This is a person who will manage the assets in your trust after you die. Your successor trustee may also take over your trust…
If you are confused about the differences between a living will and a living trust, it is understandable. Many people confuse these two estate planning documents, but they are quite different and are used for different things. At Elder Care Direction, we can help people to understand the different types of estate planning documents so…
If your loved one is growing older, you may be helping him or her to plan for end-of-life issues. One concern that many older adults and their family members have in common is the probate process. However, there are some assets that won’t have to go through probate. The staff at Elder Care Direction can…
As you are preparing to plan your estate, you might find that some of the titles and terms that are used in estate law can be confusing. These terms may also be confusing if you are someone who has been named as a person who is responsible for managing the estate of your loved one…
It is a responsible thing to do to write a will so that your assets are transferred in the way that you want. Even if you write a will, some of your assets may still need to go through probate. Your estate may have to be probated for a number of reasons, including if you…
At Elder Care Direction, we understand that there are different types of property ownership and property rights. One type of ownership can help to save on taxes and avoid probate while still giving you a place to live for as long as you are alive. This type of property ownership is called a life estate.…