Planning for the Elder Years: When Assets Meet Incapacity
Estate planning attorneys face a recurring problem: clients with substantial assets who never established trusts or powers of attorney, then lose capacity. T
Estate planning attorneys face a recurring problem: clients with substantial assets who never established trusts or powers of attorney, then lose capacity. T
Most people who spend everything they earn are not irresponsible. They are responding rationally to the way money works when there is none left at the end of the month.
A court accounting is built around specific questions: were funds received accounted for, did expenditures benefit the person the court is protecting, and what does the estate look like at the end of the period.