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Showing 14 posts in Estate Planning.

Thirteen Estate Planning Terms You Need to Know

DictionaryAdopted in 2008, the third week in October is designated as National Estate Planning Awareness Week to bring attention to the importance of estate planning. An often overlooked aspect of financial wellness, according to the National Association of Estate Planners and Councils, it is estimated that 56% of Americans do not have an up-to-date estate plan in place. 

Estate planning—it is an incredibly important tool and it is not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you become ill, minimizing taxes so you can pass more wealth onto your family members, and stating how and to whom you would like to pass your estate on to when you pass away. Read More ›

Categories: Elder Law, Estate Planning

Taking Steps to Protect the Most Vulnerable During COVID

ChecklistAfter seven-plus months and with little end in sight to the pandemic, adults responsible for their elderly parents and other senior caretakers continue to do their best to protect the most-vulnerable as the threat and uncertainty looms. Read More ›

Categories: Elder Law, Estate Planning, Long-Term Care

Preparing a Will During a Pandemic

Handwritten WillThe COVID-19 pandemic has caused many people to realize the need to create a plan for if the worst should happen. One of the most important components for ensuring a smooth process after death is executing a will. A will provides the will-maker (referred to as the “testator”) with directions to a personal representative for the administration and distribution of the testator’s estate after the testator dies. Read More ›

Categories: Elder Law, Estate Planning

Estate Planning Isn’t Just for the Wealthy. Start Preparing Now.

Handing Over Estate PlanningEstate planning is considered by many to apply only to the wealthy and who have numerous assets. But preparing for the future is a common-sense habit for people of all income levels, and can save your loved ones in time and money in the long run. The current pandemic crisis has many people huddled down and looking at issues that had previously not occurred to them. Read More ›

Categories: Elder Law, Estate Planning

What is National Elder Law Month? - A legacy to caring and planning

Elderly Holding HandsNational Elder Law month traces its history to 1963 when President John F. Kennedy issued Proclamation 3527, declaring the month of May "Senior Citizens Month" and proclaiming that all "informational and educational means should be used" to pave the way for older Americans to have equal opportunities and lead "useful and satisfying lives." In 1980, President Carter changed the name to "Older Americans Month" and in 1988 with a focus on improving the quality of legal services provided to people as they age, the National Academy of Elder Law Attorneys established May as "National Elder Law Month."

In keeping with the spirit behind National Elder Law Month, Foster Swift attorneys Matt Fedor and Nic Camargo have prepared articles and videos to help you and your family navigate the elder law landscape.  

The first video, "What is Elder Law Planning", is a great starting point and a helpful reminder that elder law is much more than estate planning.  We also encourage you to check out Foster Swift's Elder Law Resource Page here and you can also access attorney Jay David's book Estate Planning: You Have to Start in Order to Finish.

Categories: Elder Law, Estate Planning

COVID-19 Pandemic Creates a Renewed Urgency for Elder Law Planning

Helping Mom Out of the CarPlanning for the future is often challenging, with so many "what ifs" to consider. As the news is filled with COVID-19 stories, many individuals are wishing they had not put off elder law planning, particularly estate planning. That said, there is no time like the present. In the video COVID-19 and Elder Law Planning,  attorneys Matt Fedor and Nic Camargo provide a practical framework on how to get started. For adult children  needing to help senior parents plan, the article "Caring for Aging Parents" is a good starting point.

One of the most important things to remember when planning is that every person's needs are different and each plan needs to be customized; that's why it's important to select an attorney with elder law experience. Both Fedor and Camargo are members of the National Academy of Elder Law Attorneys and have helped many seniors develop and implement plans that ensure their end of life wishes are honored. 

Categories: Elder Law, Estate Planning

Estate Planning During Coronavirus

Estate PlanningOne cannot help but be mindful of important end-of-life decisions during this difficult time in our nation. Everywhere one looks, there is apprehension and concern related to the ongoing pandemic. In these trying times, it is natural to contemplate difficult topics such as who will look after our well-being or who will manage our estates should the need arise. Read More ›

Categories: Elder Law, Estate Planning

Estate Planning Awareness Week

Last Will and TestamentOctober 21-27, 2019 is National Estate Planning Awareness week, which was originally adopted in 2008 with the intention of educating the public on what estate planning is and why it is vital for financial well-being and peace of mind. According to the National Association of Estate Planners & Councils (NAEPC), estate planning is an often overlooked necessity and it is estimated that over half (56%) of Americans do not have an up-to-date estate plan. Read More ›

Categories: Elder Law, Estate Planning

Worried about the Future? Here's what you need to do now

The problems that seniors face can erupt suddenly from out of nowhere or can start small and grow more serious over time. A crisis can occur when a senior family member is diagnosed with dementia, has a chronic illness or is admitted to a nursing home. Often after the crisis has already occurred is when the end-of-life documents are pulled out of the drawer and the family calls an elder law or estate planning attorney for help. Read More ›

Categories: Did you Know?, Elder Law, Estate Planning

Estate Planning Potholes

Michigan roads are notorious for being rough, unsteady and full of potholes. Sooner or later, your car may hit one that you didn’t see coming, costing you precious time and money. However, potholes are avoidable if you know where they are. The same is true with estate planning. Read More ›

Categories: Elder Law, Estate Planning

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COVID-19 Checklist & Elder Organizer Tool

For adult children responsible for their elderly parents and other senior caretakers concerned about protecting loved ones as the COVID-19 pandemic continues, below is a free downloadable checklist of steps to follow to prepare for any possible COVID-19-related illnesses among the most-vulnerable.

Download Button: Checklist

Foster Swift has created a free ‘Elder Organizer’ digital notebook to provide seniors and their caretakers with a toolkit that helps organize doctors’ appointments, medications, and more that can be shared online. The tools below are also available on the Elder Law Resources page.

*For those trying to access these links by smartphone, it is best practice to copy/open the link in a separate tab and download the free Google Sheets app from Google Play or the Apple Store.

Using the Elder Law OrganizerMedication & Appointments ButtonVisitor Log & Photos/Media ButtonPrivate Care Schedule ButtonElder Law Resources Button

Need Help Planning?

Helping Hands

For more tools, visit our Elder Law Resource page for additional content. Click here to view/download the Foster Swift estate planning brochure to see what our experienced team of attorneys can do for you.

E-book Covers Estate Planning Essentials

Engaging in estate planning, while essential, is often emotional and generates many questions. How do I protect my spouse and my children if something happens to me? What happens if I become disabled before I pass on? Who will take care of my pet after I'm gone? How do I pass my business on to my children? These questions and more are addressed in Jonathan David’s recently released e-book, “Estate Planning: You Have to Start in Order to Finish.”

Meet the Team

Foster Swift Elder Law Team
Watch attorneys Matthew Fedor and Nicolas Camargo explain a brief overview of elder law and how it can help either your or your loved ones.