Focus on Estate Planning: Review Your Plan Regularly to Steer Clear of These Planning Pitfalls

The term “estate planning” means different things to different people at different stages of life. Estate planning encompasses – or should encompass – an entire adult lifetime of saving, planning, preparing, and insuring, all with the goal of finishing life well and passing your legacy along to the next generation. Once in a while, then,…

Focus on Estate Planning: If the Pandemic Has Prompted You to Get Serious About End-of-Life Directives, AgingOptions Has the Solution

As part of our commitment to helping you make the most of the unusual circumstances triggered by the coronavirus pandemic, the team at AgingOptions, along with our partners at LifePoint Law, want to make it as easy as possible for you to experience the peace of mind that comes with proper legal planning.  But how…

If You Need a Will – and You Do – Is There a Way? Even in a Pandemic, No One Needs to Pass Away Without One

Isn’t it strange how it sometimes takes a national emergency to get us to do the things we’ve always intended to do, but never quite got around to? Writing a will is one of those items languishing on many people’s To Do lists. (How else do you explain the fact that, according to AARP, roughly…

Estate Planning 101: It’s More Important Than You Think, and Now You Can Execute Your Plan from the Safety of Your Own Home

This week we read an article that explains some of the basics of estate planning, but it left unanswered the biggest question on the minds of many these days: how can you execute an estate plan at a time when much of the country is in virtual lockdown and we’re not even supposed to leave…

If the Coronavirus Outbreak Has Prompted You to Get Serious About End-of-Life Directives, AgingOptions Has the Solution

As part of our commitment to helping you make the most of the unusual circumstances triggered by the coronavirus pandemic, the team at AgingOptions, along with our partners at LifePoint Law, want to make it as easy as possible for you to experience the peace of mind that comes with proper legal planning.  But how…

LTC Insurance May Not Be Enough: You Need These Long-Term Care Safeguards to Protect Your Retirement

Here on the AgingOptions blog we’ve written many times about planning for long-term care. It’s a vitally important topic that all too many people would rather avoid, for many reasons. Nevertheless we felt it would be timely to share this recent CNBC article on the subject, written by reporter Darla Mercado. When it comes to…

Designating a Power of Attorney is a Critical Step – Just Make Sure You Don’t Start a Family Feud in the Process

Over the years here at AgingOptions we’ve dealt with hundreds of families, and we’ve seen some of the harm that poor planning combined with toxic family dynamics can create. Estate planning done poorly offers limitless opportunities for family tensions. As you approach retirement, you may be thinking about designating one of your adult children as…

Extreme Advance Directive Allowing Dementia Patients to Refuse Food and Water Triggers Controversy

Is it “an informed and thoughtful choice,” or is it a “disturbing” threat to “the most vulnerable in society”?  A newly-drafted advanced directive in New York State is already provoking deep controversy among medical ethicists, geriatric physicians, and families of those with dementia. The controversy is explained in this article that appeared last week on…

Heirs Wonder: “When My Parents Die in Debt, Am I On the Hook?”

The statistics are sobering: more and more seniors are entering retirement burdened with debt.  As a result, many of these aging Americans are literally dying broke, with little of their financial lives remaining but unpaid bills. That means a growing number of adult children are suddenly becoming heirs to an estate ladened with debt, and…

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Casey Kasem Wasn’t the Only Celebrity Lacking a Strong Estate Plan

Here on the AgingOptions blog we’ve frequently used the sad tale of pop music celebrity Casey Kasem as an example of a wealthy person whose poor estate planning triggered a pathetic end-of-life spectacle. (Click here to read our blog article, published a few years ago, that described the sad affair of Casey Kasem.) By failing…