Author name: Gerov Media

When Is a Power of Attorney Required by a Bank? When a client walks into a bank to make a withdrawal, the bank has certain safeguards in place, like a personal identification number (“PIN”) to ensure that the disbursed funds go to the rightful account owner, and not the unintended third party. But when the […]

In many cases, your home is your most valuable asset. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and the potential need for expensive long-term care. You have heard that Medicaid can pay for that, but the rules say you

The senior population’s exposure to being hacked is increased every time an electronic device is connected to the internet. It is becoming increasingly common for everyday items like refrigerators, thermostats, and doorbells to be internet-connected making our homes and personal information subject to hacking. A hacker will subvert computer security for malicious purposes. Seniors who

Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. But aging in place often means living alone. Pew Research findings show that older people are more likely to live alone in the United States than in any other country worldwide. This preference of living solo, however, comes with

When appointing a fiduciary for your estate or trust, it may seem like an easy decision to select among friends and family; however, if the candidates are minors or not fully qualified – that’s when you might want to consider giving corporate fiduciaries serious consideration. After all, this is a crucial choice – one which

Many people believe that it is crucial to “avoid probate.” But just because you may have heard the term “probate” doesn’t mean you understand what probate entails, why it can be a problem, or how to avoid it successfully. Today, probate court covers the entire legal process necessary to settle a person’s estate after they

Writing a letter of intent (LOI) for your special needs child can help bring them family continuity and comfort after you are gone. As a parent, the most valuable asset your child has is you and your ability to care for them. You, like no other, fully understand the nuances of your child’s coping mechanisms

After a loved one passes, the probate court is responsible for ensuring that creditors are paid and any remaining assets are properly distributed to beneficiaries. The estate settlement process helps make this difficult journey easier by providing an orderly system of approval from the court so those left behind can rest assured they will receive

By taking the necessary step of creating a will, you’ve already achieved something that half of all Americans have yet to do. However simple it may be for protecting your assets and successors, there are additional steps you can take in order to ensure comprehensive estate planning – such as living trusts, powers of attorney