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One
thing is for sure. We all get older. At least, we hope we do. With
age comes special legal problems for senior citizens. Managing one's
estate becomes more important to us. How can I save on taxes? How
can I keep the nursing home from getting everything I worked for
all my life? Who will take care of my affairs if I become incapacitated
and can't do things for myself? Do I have an updated will? These
are some of the questions the senior citizen must ask.
There
are solutions to these problems.
Proper
estate
planning can stabilize assets, income and reduce taxes.
An
up to date power of attorney
is important in the case of incapacity. A living
will and healthcare power of attorney can relieve concerns about future medical treatments and
needs.
Advanced
medicaid planning will address the expenses of long-term
institutional care.
For
home-owners, A reverse mortgage
may be the answer to stabilize and supplement income.
DuffyNorth
has been helping senior citizens and their families with these complicated
elder law problems for years.
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