What trends are occurring when it comes to how common elder financial abuse is matters greatly, given how harmful such abuse is to its victims. A recent survey indicates that we might be starting to see an encouraging trend on this front: a decrease in elder financial abuse.
There are certain things state law requires a person to do in order for a will to be valid. There are other will-related actions that such laws do not require, but do make available as an option. In Massachusetts, one of the things that falls into the latter category is having a self-proving affidavit for one's will.
From an estate planning perspective, informal probate may be better than formal probate, and bypassing the process altogether may be the best approach of all. Yet is avoiding probate a realistic goal?
One of the great hopes a person typically has when it comes to retirement is that they will have enough saved up to properly cover their retirement. Thus, one retirement-related thing a person may put a good deal of focus on is how much in retirement savings they have. However, there are things beyond just the amount they have saved up that can impact how likely a person is to be in financially solid shape during their retirement years.
As a person gets older, their financial situation can shift greatly. One of the big financial changes people generally experience as they go into their elderly years is the entry into retirement, and the major shift in income situation that goes along with this.