Voluntary vs. Involuntary Guardianship: Key Differences Explained
Guardianship may be necessary to ensure your parent or other family member is protected and receives the care they need. There are a lot of layers to guardianship, and our experienced attorneys at Michaelson Law are here to help! We will peel back a layer and share one part of guardianship: voluntary versus involuntary. What […]
When Is Guardianship of an Elderly Parent Needed?
When people think of guardianship, they often think about children or disabled adults who need care. However, guardianship of an elderly or aging adult, is also fairly common. While the process is similar, there are some distinct differences between adult guardianships and minor guardianships. Additionally, the legal guardianship process can be complex. At Michaelson Law, […]
Signs of Elder Financial Fraud and Elder Abuse
Elder financial fraud and elder abuse and two important topics that are important to discuss and be aware of as we age. We like to think that these issues won’t hit us or our loved ones, but elder abuse is much more common than many people realize. According to the World Health Organization, around 1 […]
Estate Planning Terms to Know
National Estate Planning Awareness Week was first established in 2008 to help the public gain a better understanding of the importance of estate planning. Estate planning is one of those things that everybody needs to do, yet only approximately half of Americans have an up-to-date estate plan in place. Regardless of your age or financial […]
Estate Planning During a Pandemic
Whether you are young or old, COVID-19 has us all thinking about our mortality and health more these days. This pandemic took us all by surprise, did you have your affairs in order before? According to one study, approximately 1/3 of all Americans did not have an up-to-date estate plan as of 2017. We expect […]
Alzheimer’s Disease: What to Know for Your Estate Plan
Did you know that there are over 400 different types of dementia? The number of different types is staggering but the most common cause of dementia is due to Alzheimer’s disease. At least, that’s what the Alzheimer’s Association‘s published 2020 Facts and Figures reports. Other relatively common types of dementia include vascular, Lewy Body disease, […]
Isolation May Increase the Risk of Elder Abuse
The American Bar Association (ABA) reports that an unfortunate consequence of continued isolation increases the risk factors for elder abuse and exploitation. Older adults represent some of the most at-risk American citizens because of COVID-19. Many of them are choosing to stay home to lower their risk of infection as the rest of the world […]
When It’s Time To Designate a Power of Attorney
One of the biggest questions we may ask ourselves is who we should trust to manage our financial and healthcare decisions when we no longer have capacity to do so ourselves. This is a tough question for some because designating a power of attorney (POA) is a decision of trust, something not to be taken […]
New Law Makes it Easy to Report Elder Financial Abuse
The Economic Growth, Regulatory Relief, and Consumer Protection Act was signed into law on May 24, 2018. There are a few important factors of the Act to keep in mind: There is a section in the Act that was once a stand-alone bill from Sen. Susan Collins (R-Maine)– designed to encourage elder (age 65 and […]
