Category: Estate plan

3 Important Legal Issues those Caring for Elderly Parents should Adress

Dealing with elderly parents is never an easy option, but that responsibility goes far beyond helping them with daily living skills and seeing to it that they are taken care of. Sandwich generations are becoming more and more popular with individuals caring for their children along with their parents. This means more and more people are realizing the important legal steps that need to take place while they can and while your parents can participate. Read some of these important instances below and then consult with a client focused wills and trust lawyer for more help.
Written Will
It is always important to ensure that your parents have a written will. Approximately 55% to 70% of individuals don’t have one of these. Create an inventory of all assets your parents have. Tax information and bank deeds will be helpful with this. Insurance policies should be gathered and placed with all other information where the will is placed. It is better to consult a repu

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Bandaranaike International Diplomatic Training Institute (BIDTI) educates and trains you on important international and diplomatic issues. We are passionate about the law and our mission: To provide you with insights on legal issues and information that is related to international diplomatic training.

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