The U.S. Department of Health and Human Services states that almost 70 percent of folks aged 65 and over will need some type of long-term care in their remaining lifetime. What will this care look like? How will this care be paid for? How will the senior’s family be affected? Answering these questions and creating a plan is a major part of elder law.
Everyone Should Plan for Long-term Care
By Jill Roamer, JD, CIPP/US on Aug 25, 2022 10:54:00 AM
Helping Clients Plan for Adult Children
By WealthCounsel Staff on Aug 19, 2022 10:00:00 AM
Back to school is a busy and emotional time for parents and their children, especially if the child will be going off to college or moving away. Parents may not realize, however, that turning eighteen is even more life-changing for their child than moving into a dorm room or registering for college classes. This milestone is the ideal time for you to reach out to clients, leads, and referral sources to help parents and their children adapt to the legal realities of adulthood. Read on to learn more about how estate planning for young adults can give the entire family peace of mind.
Stan Lee’s Estate Settles Lawsuit Against Former Agent
By Jill Roamer, JD, CIPP/US on Aug 17, 2022 1:02:00 PM
Stan Lee, the legendary comic book creator, died in November 2018 and his estate has been in litigation ever since.
Stan’s wife had died in July 2017 and thereafter Stan had named Jerry Olivarez, a publicist, as agent under a power of attorney. The Compliant in the probate case alleged that Jerry did several unscrupulous acts: dismissed Stan’s lawyer and hired his own without disclosing the conflict of interest; fired Stan’s banker and transferred roughly $4.6 million out of Stan’s account; duped Stan into loaning him $300,000; bought an expensive condo using Stan’s money; and more. The suit listed several causes of action, including financial abuse of an elder, fraud, and misappropriation of name and likeness. Jerry denied the allegations.