Have Your Plans Changed?

Have Your Plans Changed? image

There is a very simple way to know when you should make changes to your estate plan.

When you create an estate plan, the attorney who drafted it for you, will likely remind you to review the estate plan from time to time and make changes. This often prompts clients to ask exactly when they need to do that. The common answer is that you should review and make changes to your plan, whenever you have a significant change in life circumstances.

That is the legally appropriate answer. However, the answer also invites questions about what constitutes a significant change...

Estate Planning for Regular People

Estate Planning for Regular People image

Estate planning is not just for the wealthy. People of more modest means can also benefit from it. It does not have to be difficult.

When you start talking to people about planning their estates, they often respond in a similar way. It goes something like this: “I am not rich. I am a regular guy and do not have very much. There is no reason for me to go through the difficult process of getting an estate plan. My family will work everything out after I pass away.”

The assumptions being made here are that estate planning is difficult...

Sundown Syndrome

Sundown Syndrome image

People who suffer from dementia often act differently at different times of the day. It is common for many to get worse near sundown.

If you use an alarm clock to wake up at the same time every day, you may reach a point where you do not really need the clock. Instead, you may sometimes wake up just before the alarm normally goes off. If you forget to set the alarm, you will often wake up at about the same time as well.

This can happen even if you went to bed much later than normal the previous night....

A New Definition for Alzheimer's

A New Definition for Alzheimer's image

By changing how they define Alzheimer’s Disease, scientists hope they can better understand how it works and possibly find new treatments.

Some diseases are very easy to define, especially when it involves something physical. For example, chicken pox is defined by the presence of the active virus in your bloodstream and the physical marks associated with the disease.

Other diseases are defined by the presence of certain symptoms, such as various mental health diseases and Alzheimer’s is one of the latter. It is defined by people who have certain symptoms.

Some scientists would like to change that for research purposes...

What to Do If You Are a Will Beneficiary

What to Do If You Are a Will Beneficiary image

Should you be notified that you are the potential beneficiary of someone’s estate, then what happens next depends on state laws.

When a will is filed in probate court, one of the first things normally required is to notify everyone who is named in the will or who may potentially benefit from the will. Sometimes, that can be many people, as is the case of the recently deceased actor John Mahoney.

His estate is worth approximately $5 million and there are 38 people who could be beneficiaries. Most of the time, the number of people notified is likely to be...