Monthly Archives: October 2011

National Estate Planning Awareness Week (October 17 — 23)

living_trust_and_estate_planningThe National Association of Estate Planners and Councils estimates that more than 120,000,000 Americans do not have the adequate estate planning needed to protect their families and loved ones in the event of a health emergency or unexpected death. If you suspect that you or an aging family member may be one of those 120,000,000 people, participate in National Estate Planning Awareness Week and speak with a Massachusetts estate planning lawyer for more information about your own estate planning, or how you might assist an older relative with theirs.

Improper estate planning can be financially and emotionally devastating to those who must deal with its consequences. That’s one reason why the NAEPC worked with Rep. Mike Thompson (D-CA) and other members of the U.S. House of Representatives to establish October 17–23 as National Estate Planning Awareness Week.

Founded in 1962, the NAEPC is a non-profit business league with a strong commitment to promote financial and estate planning throughout the year, especially during National Estate Planning Awareness Week, when the organization sponsors seminars and webinars and provides educational materials to members of the estate planning profession, such as a Massachusetts living trust or estate attorneys, and to concerned individuals who want to learn more.

A Massachusetts elder law attorney can assist you with issues regarding financial wellness, such as budgeting, insurance, tax planning and investing, or work with you to develop a plan for charitable giving, organizing important documents or protecting the financial interests of your non-traditional family. By promoting National Estate Planning Awareness Week, the experts at NAECP are confident that more people will discover that estate planning is not just about what happens after you die, it’s about improving the quality of your life.

To take full advantage of National Estate Planning Awareness week, be proactive in creating or updating the estate and financial plans that will most benefit you and your family.

• Organize your important documents and make a list of assets and liabilities.
• Make a list of your financial advisers.
• Identify your goals, including retirement plans, goals for charitable giving, goals for your children or other beneficiaries and for your long-term healthcare.
• List the questions you would like to discuss with an estate planning professional.
• Interview a Massachusetts elder lawyer, ask how many years of experience they have in estate planning, what and how fees are charges and if they offer an introductory meeting free-of-charge.
• Bring your documents and lists to the initial meeting.
• Discuss your goals with the attorney and see if you believe he is the right person to assist you.

It will take more than one week to develop or update your plans, but with proper preparation you can make the most of your initial meeting and save many hours of billable time. But what’s more important, by using National Estate Planning Awareness Week to kick-start your estate planning, you will be providing emotional and financial security for your loved ones and peace of mind for yourself.

Have You Heard? New Protections Under the Elder Justice Act

Did you know that new legislation was signed into law last year that is designed to protect America’s senior citizens from abuse?  The Elder Justice Act, signed by President Obama in March of 2010, is a major step towards preventing abuse of the elderly.  This is the first time that such efforts have been officially coordinated at the federal level.

A Brief Overview of the Elder Justice Act

  • Elder Justice ActWithin the Office of the Secretary of Health and Human Services, there will now be Elder Justice Coordinating Council (EJCC) which will oversee coordination of elder abuse issues throughout the government.
  • An Advisory Board to the EJCC, comprised of experts on elderly abuse and exploitation, will be formed to advice the council and compile a yearly report on elderly abuse with recommendations for governments at the federal, state, and local levels.
  • Allows for grants to long term care facilities to ensure that they have sufficient training and knowledge on elderly abuse issues and how to combat and prevent abuse of senior citizens.
  • Increased coordination among long term care facilities, the government, and elderly abuse officials at all levels.

In short, the act will help unify a system of preventing elderly abuse nationwide. This is a huge step in the fight to prevent the abuse and exploitation of America’s senior citizens.

If you or someone you know would like information on elder abuse, nursing home abuse, or estate planning, please contact the Law Offices of Adam J. Tobin today.

Why choosing an elder law specialist is best for you and your parents

Elder law attorneys can provide the best solutions to financial and legal plans for your loved ones.

Elder law attorneys can provide the best financial and estate planning solutions for your loved ones.

If you are responsible for elderly parents or relatives, you already know you have many issues to consider. Hiring an elder law attorney – a person that specializes in the laws concerning seniors – is a smart move. If your relative has considerable assets or complicated financial issues, you need the services of an elder attorney; a person that knows about estate planning, living trusts, nursing home issues, and probate. All of these issues can be handled by an elder law specialist.

An estate planning attorney or estate planning lawyer helps seniors plan their wills. Often this means selecting a power of attorney who acts in your place for financial purposes. An attorney can help you with problems that arise from appointing a power of attorney with financial institutions. A planned will details who will acquire what property and money when you die. The will can include bank accounts, IRAs, property, jewelery and expensive collections. A complicated binding document like this demands the expertise of an estate planning attorney.

A living trust attorney can help seniors with different types of trusts used to manage their assets. For example, there are revocable trusts, irrevocable trusts, and supplemental needs trusts. Each one has a different purpose and reason for being formed. A MA elder attorney will know all the ins and outs to select the best trust for you or your relative.

A Massachusetts elder lawyer is qualified to help you with any number of important issues. Some of these include disability planning, long term health care decisions, nursing home issues, Medicaid, Medicare, and even at-home care. A Massachusetts estate planning attorney is always ready to help the elderly find the best way to plan their estates. Estate planning is a complex legal issue that only a good Massachusetts estate planning lawyer can handle.

Do you have an elderly relative that has to go into a nursing home? A massachusetts nursing home attorney is qualified to help you assess your financial situation and interpret the many laws that apply. It is a complicated and confusing issue to tackle alone. A good attorney can help your family keep some of their money while still giving your relative good quality care. A lawyer can help you with Medicare, insurance plans, and Medicaid – all ways of paying for long term health care.

An experienced nursing home attorney can help you decide where your elderly relatives will live. An assisted living community may be a better option than a nursing home, or perhaps your elderly relatives just need some help to live in their own home. A qualified Massachusetts nursing home attorney can help you find the best long term care solution for your family members or friends.

Do you want to tackle the probate issue that come up when an someone dies? A probate attorney can help you plan for this process. You can make a will ahead of time, so it is available when probate occurs. Often in probate a will is examined and property is appraised. Some property can avoid probate – this is why a good probate attorney should advise you of the issues at hand.

When seeking sound financial planning for an elderly relative or friend in Massachusetts, contact an elder law attorney to help you with the complex laws and issues that can make this process difficult. You’ll be happy you did, and your relatives will be glad you took the time to find them the best solutions for their financial and legal plans.