Many different things can happen during the course of guardianship proceedings. For example, in some guardianship cases, a court will decide to appoint a temporary guardian for an individual to serve while the guardianship petition regarding the individual is being considered by the court.
Elderly individuals sometimes face financial challenges in their retirement years. Such challenges can sometimes endanger a retiree's ability to have the type of retirement they desire. They could also have the potential to reduce what assets a retiree has available to give to their family and loved ones, both during their life and after their death. For elderly individuals who have a great desire to provide financial support to their family and loved ones, such a potential reduction can be a very concerning thing.
Estate administration involves many things. One is addressing debt that the deceased still held upon their death. When a person dies while they still hold debt, their estate generally is liable for the debt. There are a variety of different rules regarding the paying off of a deceased's debts with estate assets.
There are many worries a person may have in relation to their family. One thing in particular they may be worried about is what will happen with their family when they pass away. Thus, a question many may have is: what can I do to help ensure there will be proper protections in place for my family when I die?
For decades after World War II people thought very little about the influx of children into society. Called the baby boomer generation, these children were considered a symbol of America's triumph over oppression, reigning in a new era destined for greatness and prosperity. Now though, baby boomers signal something else: an increased strain on the health care system and the economy.