Do We Need Estate Planning?

February 19, 2021
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Care, Elder Law, Estate Planning, Guardianship, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Everyone, regardless of financial status or age, can benefit from having an estate plan—assuming you have assets to leave and people to leave them to.

Did Larry King have an Estate Plan?

February 17, 2021
Bill O’Leary, Esq.
Asset Protection, Business Planning, Elder Care, Elder Law, Estate Planning, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Retirement can be a bigger drag on the assets than all the professional and romantic mistakes put together.

What Is a Conservatorship?

February 16, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Guardianship, Power of Attorney

When an individual cannot make important decisions for himself or herself, a judge appoints someone called the conservator or guardian to make decisions. The conservator has the legal backing of the court in all decisions, including finances, medical and personal care.

The Difference between Power of Attorney and Guardianship for Elderly Parents

February 10, 2021
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Guardianship, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

The difference between power of attorney and guardianship is a common question asked by adult children. Both roles share a duty to provide care and oversight of medical care and health.

Your Estate Planning Checklist for 2021

Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.

How Does Family Pay for Parents’ Care?

January 25, 2021
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

More than 53 million Americans are unpaid caregivers for family members. The majority are women—often, an adult daughter who lives closest to an aging parent starts out helping with daily activities. As the parent/care recipient requires more assistance, the daughter cuts back on work hours– risking her own financial security.

How Can Estate Planning Address the Troubled Child?

January 9, 2021
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Guardianship, Power of Attorney, Probate and Estate/Trust Administration, Special Needs, Special Needs Planning, Special Needs Trust

Every family has one–or maybe more–black sheep. They’re people who march to their own drum and handing them an inheritance could be problematic.

What Do I Need to Know about Creating a Will?

January 8, 2021
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Power of Attorney, Probate and Estate/Trust Administration

Creating a will is one of the most basic elements of estate planning. There are different types of wills you can choose from, including a simple will.