A stroke or other sudden medical events may leave a person with severely diminished capacity, including the inability to work, but they may have enough capacity to make their medical, financial, and legal decisions. The reality may be that although they have the minimal capacity to make those decisions that they need assistance. To be [...]
The basic purpose of a trust is to place authority over assets in a person other than the intended ultimate beneficiary of those assets. The goals to be achieved with trusts in place can range from creditor protection of the beneficiary, providing for an incapacitated beneficiary, preservation of a beneficiary’s government and need-based benefits, to [...]
It will of course be a shock to learn of a loved one’s diagnosis of Alzheimer’s disease or other dementia. The first step will no doubt be to immediately seek preventative medical treatment, but it is just as important to consider the impact on your loved one’s assets and to seek advice on financial and [...]