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40% of People Say They Don’t Have Enough to Make a Will

Lavelle & Finn


Four in 10 people believe they do not have enough assets to make a will, according to Caring.com’s 2024 Wills and Estate Planning Study, which surveyed more than 2,400 individuals. This statistic reflects a common misconception about estate planning: that it is only for the wealthy. In reality, estate planning can benefit people across the economic […]

A Useless Power of Attorney: Avoid Free Legal Documents

Lavelle & Finn


A power of attorney designates a trusted individual to make decisions or conduct transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single immediate purpose or an ongoing situation. This may sound pretty straightforward. You might be tempted to download a free form to […]

Navigating Disputes in Probate Court

Lavelle & Finn


When someone passes away, the probate process ensures that the deceased’s estate fulfills its debts and that the heirs receive their assets. The deceased’s will dictates how to settle and distribute their assets and debts. (If no will exists, state intestacy laws apply.) When a legal dispute arises during the process of probate, probate litigation may ensue. Most […]

Who Does a Probate Attorney Represent: Executor or Heirs?

Lavelle & Finn


In estate planning, the executor, or personal representative, is responsible for managing the administration of the estate after an individual passes away. An executor may be a person or an institution. Their duties include applying for probate and ensuring that the heirs receive assets according to the deceased person’s wishes. When an estate needs to […]

Medicaid Spend Down: Pay for More Than Just Medical Bills

Lavelle & Finn


Since the 1960s, Medicaid has provided health care coverage for low-income people across the United States. For millions of seniors, Medicaid offers financial assistance, helping them to cover the cost of long-term care services. Today, this joint federal-state program also benefits other qualifying populations with limited income, including children and people with disabilities. Qualifying for Medicaid […]

Which States Have the Best Protections Against Elder Abuse?

Lavelle & Finn


The United States Census Bureau predicts that the nation’s population of older adults nationwide will have doubled from 49.2 million in 2016 to 94.7 million in 2060. As the population grows as well as ages, elder abuse remains a significant concern. According to the U.S. Department of Justice, 10 percent of older adults experience some form of abuse […]

Retirees: Deduct Your Long-Term Care Insurance Premium

Lavelle & Finn


Even if you have a long-term care insurance policy, you may likely be hoping that you won’t ever have reason to use it. Regardless of what the future holds, there’s one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are in fact tax-deductible. What Is […]

Getting Help When Providing Care at Home for Aging Parents

Lavelle & Finn


As they grow older, your parents may prefer to continue living in their home rather than moving to a long-term care facility. They are not alone in this; more than three-quarters of adults over the age of 50 say they would prefer to age in place. If your parent can safely live at home on […]

A Seniors Guide to Estate Planning

Lavelle & Finn


Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or older do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These legal documents help guide your representatives to provide the end-of-life wishes you seek. Estate planning also reduces the […]

Medicaid Planning Protects Your Home

Lavelle & Finn


Your most valuable property may be your home, which is true for many people. You likely want your children to inherit that value when you pass away. However, you may also have concerns about planning for the future, especially if your health declines and you need expensive long-term care. You may be aware that Medicaid can pay for these services. However, Medicaid rules […]