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July
2011
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| In This
Issue |
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Elder
Law Center, P.C. |
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2111 Plum Street, Suite 201
Aurora,IL
60506
(630)844-0065
cbr@mickeywilson.com
www.elderlawpc.com/
Medicaid
Updates
Please continue to visit our website for
updates on the Medicaid eligibility rules.
Upcoming
Speaking Engagements
September 9, 2011- Talk for
Seniors- Advance Directives and Powers of Attorney, Prisco
Center, Aurora, IL | |
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Adult Children Losing $3 Trillion in Caring for Aging
Parents
Americans who take time
off work to care for their aging parents are losing an estimated $3
trillion dollars in wages, pension and Social Security benefits,
according to a new MetLife study. Meanwhile, the percentage of adult
children providing basic care for their parents has skyrocketed in
recent years.
Prenuptial Agreements Can Be an Estate Planning Tool
As more
and more people marry more than once, prenuptial agreements have
become an important estate planning tool. Without a prenuptial
agreement, your new spouse may be able to invalidate your existing
estate plan. Such agreements are especially helpful if you have
children from a previous marriage or important heirlooms that you
want to keep on your side of the family.
Who Gets Copies of the Will After a Person Dies?
Many
movies and television shows have a scene where a family gathers
around a big table after a relative has died to listen to the
reading of the will. While this is a great dramatic scene, it
doesn't usually happen like that in the real world. There is no
requirement that a will be read out loud to anyone. So what does
happen with the will?
Study Finds Financial Abuse of Elderly Is on Rise
Older
Americans are losing $2.9 billion annually to elder financial abuse,
a 12 percent increase from the $2.6 billion estimated in 2008,
according to a new study.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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