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How Proper Estate Planning Can Prevent Elder Abuse

Wouldn’t you want your family to be well taken care of after you are gone? Estate planning is the best and most effective way to ensure this happens. Any decent lawyer will tell you that this type of planning is the most critical element in the bereavement checklist.

In principle, estate planning involves giving power of attorney to manage and administer your assets when you are gone. It allows you to establish a system that safeguards your family and property in your absence. Estate planning creates an effective framework that prevents disagreements over assets.

An online trust maker will help you make the transition easier and seamless, mostly by facilitating proper asset segregation. Once you fill out the estate planning inventory form, you get the advantage of reduced taxes and secure your family’s future.

Ensure you get the services of the best estate planning lawyers in your area to facilitate a smooth transition. Remember, this is a complex process that requires expert consultation with industry specialists. Do some research before you begin the process. Several resources offer a beneficiary planner free of charge.

“Can I do my own estate planning or do I really need legal assistance from the best estate attorney?” is a common question many people have, and it is an important one that needs to be answered. The short answer is yes, it is always best to get legal assistance with any sort od documentation or paperwork, specially when it deals with property, assets, or things of value. It is just easier to make sure everything is legal and binding and that your wishes are upheld if you work with an estate planning attorney in your area.

When looking for someone to help you with your planning and paper, you will want to find someone who belongs to a local or national association of estate planning attorneys. This will help ensure you are working with a skilled and experience attorney who has your best interests in mind and who has the skills and tools needed to get the job done right. Finding cheap estate planning is as easy as checking local business listings or doing a quick online search, so make sure you get started today and find the estate planning attorney that is right for your unique needs!

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People save up for their whole lives so that they can finally retire and spend time on the things that matter most to them. Unfortunately, thousands of retirees fall victim to scams every year, resulting in what many are referring to as financial elder abuse. In many cases, retirees can be taken advantage of if they have not properly consulted with an estate planning attorney. Here is everything you need to know to protect yourself and secure your assets.

Scandals

In 2010, the Investor Protection Trust elder Fraud Survey discovered that one out of every five Americans over the age of 65 fell victim to some kind of financial fraud. A later survey in 2011 by the MetLife Mature Market Institute determined that financial exploitation can cost seniors an average of $2.9 billion each year, a 12% increase since 2008’s statistics. Surprisingly, major financial exploitation happened to roughly 41 out of 1,000 people surveyed; this is higher than emotional, physical, and sexual abuse.

Prepared Estate Planning

Prevention is the best method for protection you and your family. Around 55% of American adults do not have a will or some kind of plan for their estate in place; this includes 41% of aging Baby Boomers. Additionally, only 38% of surveyed adults had some kind of power of attorney established for medical circumstances, giving another person the power to make healthcare and legal decisions should the subject in question become incapacitated. While these issues are often hard to face, they are necessary to ensure that you and your family are secured from thieves and scammers. If you believe that yourself or someone you know is being financially abused, call an estate lawyer and put an end to the worries.

Find more on this here.

Idaho Legal News

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