Entries by lpulvermacher

Understanding the Coming Collapse of Long-term Care Insurance

Routine estimates predict that about 50 percent of older adults will require long-term care at some stage of their lives. If you are an adult 65 or more, the percentage moves up to 70 percent. However, the demand for long-term care far outnumbers an affordable or even existing supply. For years the private sector long-term […]

The Risks of Do-It-Yourself Estate Plan Documents

We hear this question all the time: “Can’t I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?” It’s just not a good idea. For the estate plan to work as you would want it to, […]

7 Negative Effects of putting off your Estate Plan

My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen to you. You don’t want your children to become wards of the court, or […]

What is the Role of an Elder Law Attorney for Your Legal Matters?

The senior citizen population of the United States is increasing rapidly as the baby boomer generation ages, and the influx of international migration continues. Although the US average life expectancy has seen a slight three-year decline, many Americans, men, and women live well into their 80s, 90s, and beyond. An elder law attorney works with […]

The Duties of a “Fiduciary”

You may be asked to be the agent under a power of attorney for a family member or friend. Your fiduciary may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a trusted person to step in and […]

Is Your Estate Plan Current?

You should check your estate plan documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an estate-plan check-up every five years […]

VA Benefits for Aging Louisiana Veterans

The US Census Bureau reports that more than 18.2 million veterans live in the United States, and 38 percent of them are 65 and older. Additionally, the Census Bureau reports that more than 9 million veterans receive services from the Department of Veteran’s Affairs (VA) annually. If you are a veteran or have a loved […]

How to Write a Letter of Intent For Your Special Needs Child

Writing a letter of intent (LOI) for your special needs child can help bring them family continuity and comfort after you are gone. As a parent, the most valuable asset your child has is you and your ability to care for them. You, like no other, fully understand the nuances of your child’s coping mechanisms […]

The Risk of Adding Your Children to Bank Accounts

I want to leave my bank accounts for my children when I’m gone. Can’t I just make the children joint owners? That idea sounds better than it actually is. In Louisiana, this will not allow you to avoid court proceedings when you pass. Moreover, you’d put yourself at risk, at a time when you might […]

Now More Than Ever Veterans Benefits Planning is Essential

The COVID-19 virus is not going away as many had hoped. And studies have shown it is deadlier for those over the age of 65. Individuals living in senior living communities, such as independent living, assisted living, memory care, and nursing homes have the highest risk of becoming infected and possibly dying from the virus […]