The Dayton Law Firm, P.C.

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Asset Protection Overview

Most people have assets; that is, money and both tangible and intangible resources. A person might own a home, car, business or professional practice; have a bank account, some jewelry, maybe a collection of baseball cards or coins, perhaps some furniture. Those fortunate enough to have a portfolio of wealth need a way to protect their assets from risk. Asset protection planning is a process by which a person can organize assets-personal, business and/or professional-and employ legal tools to guard against risk of future creditors. Asset protection techniques are designed to deter potential creditors from taking collection actions by making it difficult or impossible for them to take hold of a person's assets or collect judgments.

7 Events Which May Require You to Revise Your Estate Plan

A Minnesota Estate Planning Attorney Discusses Events that May Cause You to Review Your Estate Plan Creating an Estate Plan is not a one-time event. You should review your will periodically, to ensure it is up to date, and make necessary changes if your personal situation, or that of your executor or beneficiaries, changed. As the weather cools and we head toward the end of 2015, it's a great time to reflect back on the changes in your life. Keep in mind that there are a number of life-changing events that require your Will, and other estate planning documents, to be revised, including:

What happens to my pet after I pass?

For many of us, we consider our pets to be part of our family. Yet, oftentimes, pets are not considered when we make our estate plans. In many state pets are considered property and in the absence of a document directing their disposition, pets pass to your heirs. This is frequently not the option that pet owners prefer and, with a little bit of planning, you can take steps to ensure that your pet will be taken care of in the event of your disability or death.

Estate Planning in Second-Marriage Situations Can Be Tricky

Arizona attorney Robert Fleming discusses the scenarios of 2nd + marriages in estate planning.

We frequently see clients in second (or even third or fourth) marriages, with children from prior relationships. When we discuss how their assets should be distributed, they can usually give us a quick summary. Their plans vary, but they often fit into one of these models:

Why Senior Citizens Are Flocking to Uber A recent

A recent Forbes article shows that Seniors are using UBER for transportation. Who knew?!
It's a well-known fact that the United States is seeing a dramatic shift in the age demographic of the population. Census data from 2012 found that 76 million baby boomers (those born between 1946 to 1964) were living in the US at the time. And projections from the Census Bureau also suggest that 71.4 million people will be age 65 or older in 2029, or 20 percent of the US.

Types of Abuse

Elder abuse is a growing problem. While we don't know all of the details about why abuse occurs or how to stop its spread, we do know that help is available for victims. Concerned people, like you, can spot the warning signs of a possible problem, and make a call for help if an elder is in need of assistance.

Making "Home Sweet Home" into "Home Safe Home"

It goes without saying that, if asked, most people prefer to age in place. That means that folks want to stay where they are and don't want to move. Sometimes the homes we choose when we are healthy and able-bodied may not serve us well as aging takes its toll. Certain modifications can really make a difference. Two primary examples are adding handrails and/or ramps to make entries/exits accessible and remodeling a bathroom to include high-profile toilets, grab bars, roll-in showers, and wheelchair-accessible doorways and countertops. Other ideas mentioned in previous blogs include security poles and monitoring technology can also help improve safety in the home. The Elder Law Foundation offers a quick list of other things to keep in mind when trying to optimize the safety of the home environment for an older adult.

Outlining Treatment Options ifn Your Advance Health Care Directive

The following article was written by Seattle Attorneys Jamie Clausen & Michael Ballnik.When writing an Advance Health Care Directive you can include directions about how the patient wants to receive treatment and what other help and support they want at end of life. Some examples of other directions that can be included are:

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