Gift of Home Equity: What It Is and How it Works

avon lake estate planning attorney

We are living through what’s been called the largest intergenerational wealth transfer in history. Tens of trillions of dollars are set to change hands between older and younger Americans over the next 20 years. More and more elders are choosing Read More …

What Is a Contingent Beneficiary?

avon estate planning attorney

Creating an estate plan involves selecting people to receive your money, property, or other items if you pass away. When making a will, you’ll work with an estate planner to designate those who will inherit from you. The persons (or entities, Read More …

A General Timeline For The Probate Process

Avon Lake estate planning attorney

Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state Read More …

Avoid Aggressive Medicaid Estate Recovery

Avon Lake estate planning attorney

The federal government requires states to have Medicaid estate recovery programs to recoup costs of providing medical care for poor residents, but leaves the particulars up to states. The Dayton Daily News has reported that Ohio is among the most Read More …

What Does Incapacitated Mean in Elder Law & Estate Planning?

Avon Lake Estate planning attorney

when working with an attorney to prepare for your future and address the challenges associated with aging, you will likely come across the term “incapacitated.” Incapacitated Definition Someone who is incapacitated cannot make personal decisions or understand legal documents. An Read More …

Building an Estate Plan for Adult Children with Disabilities

Avon Lake Estate Planning Attorney

Parents of adult children with disabilities know that their child’s disability needs may change over the course of their lifetime. Planning for the future well-being of an adult child with disabilities is, therefore, a responsive, ongoing process. The life expectancy of Read More …

An Epidemic: Substance Abuse a Growing Problem Among Seniors

The United States population of aging adults has grown exponentially over the past decade. According to projections published by the U.S. Census Bureau, the number of Americans aged 60 and older increased by 34 percent from 55.7 million to 74.6 million Read More …

What is Memory Care and What Are its Benefits?

Memory care is specialized care for patients living with Alzheimer’s disease, dementia, or other conditions that cause memory loss. Hospitals and nursing homes may have memory care units or a separate entity dedicated to this service. Memory care provides seniors with Read More …

“Supportive Housing” For Adult Children With Special Needs

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Affordable, safe housing is one of the most crucial aspects of a person’s life, especially if that person has a disability. Parents and guardians must plan for this as early as possible to make sure their loved one has a Read More …