Due to a wide range of issues, including decreased pensions, more elderly Americans are facing financial woes. One possible solution to resolving those problems is filing for bankruptcy. There are special considerations that should be taken into account if you are a senior citizen and thinking of filing for bankruptcy. Medical Bills Unfortunately, as you age, you can face an increase in medical bills. Medical bills are often a big share of the financial problems many Americans face.
If you have aging parents or other elderly loved ones, you likely worry about their safety and well-being on a regular basis. You want to make sure that they're always safe and that they make smart choices. You may find yourself needing to a hire an elder law attorney to help you better guide your loved ones. Take a look at the following information to better understand the reasons as to why you may need to someday hire an elder law attorney.
Whether or not you live in a state that recognizes same-sex marriage, it is important that you take action to protect your partner when you pass away. The surviving spouse can face unique challenges that could influence how your estate is ultimately settled and how and where you are laid to rest. Here are two areas you need to take into consideration to ensure your partner has what he or she needs to settle your estate.
It is no secret that you can spend a lot of money in taxes after you pass away. The estate tax is designed to take a large portion of your hard earned money and give it to the state, rather than to your family. This is why it is important that you do everything that you can to protect your estate from being overtaxed. Here are 3 ways an estate-planning attorney can help you avoid being overtaxed:
Driving is an act that can be both highly practical and enjoyable. Unfortunately, it is possible for an accident to lead to major repair bills and medical costs. While the court system allows individuals that were injured in accidents to pursue these costs, most individuals do not have experience with pursuing these legal disputes. Myth: You Can Not Pursue Auto Accident Cases If Weather Was The Cause Weather conditions can be a major cause of auto accidents.