Social Security retirement benefits play a significant role in budgeting for retirement for many people. If you are one of those, you may be wondering at what age you should retire and start accepting your benefits. Because it does matter, the Grand Forks retirement planning attorneys at German Law Group explain how the age at which you begin accepting Social Security retirement benefits impacts your benefit amount. The Social Security Retirement System Throughout your working years you … [Read more...] about Should I Retire Early?
Issues that impact the elderly are very much on the American conscious of late. The Alzheimer’s crisis, for example, is something that touches almost everyone. Whether you are concerned about developing the disease yourself, or you have a loved one who you are worried about, you need to understand as much about Alzheimer’s disease as possible. To help get you started, the Grand Forks elder law attorneys at German Law Group explain what you should know about Alzheimer’s disease. What Is … [Read more...] about Understanding Alzheimer’s Disease
The prospect of creating your first estate plan can be a bit intimidating. Estate planning incorporates a wide range of goals and objectives into one comprehensive plan. That plan may include numerous estate planning tools and strategies, all of which can be overwhelming. To help get you started, the Grand Forks estate planning attorneys at German Law Group offer 10 steps to take when creating your estate plan. Define your goals. Take some time to consider what you need to accomplish and what … [Read more...] about 10 Estate Planning Steps
As the population of older Americans continues to increase, we have also experienced an increased awareness of issues that impact them, including the prevalence of elder abuse, neglect, and financial exploitation. States across the nation are scrambling to try and prevent, or at least combat, the problem of elder abuse, with varying success. According to a recently released study by Wallet Hub, North Dakota ranks 33rd when it comes to the state's efforts at protecting its elder residents. The … [Read more...] about North Dakota Ranked 33rd in Elder Protection
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including your primary vehicle, such as a trust or will. Read on to learn more. … [Read more...] about Updating Your Plan: Your Trust or Will
If you are the parent of young children, you undoubtedly want to make sure your children are well cared for in the event that something happens to you. Doing so requires careful preparation and planning. To help you get started, a Grand Forks estate planning attorney at German Law Group explains how to protect your children in your estate plan. Why You Need More than Just a Last Will and Testament For most people, a Last Will and Testament serves as their initial estate planning … [Read more...] about How to Protect Your Children in Your Estate Plan
You probably created a Last Will and Testament as the foundation of your estate plan. At some point, you may also want to add a Living Will to that plan to ensure that your wishes will be honored regarding end of life healthcare decisions. Toward that end, the Grand Forks estate planning attorneys at German Law Group offer suggestions regarding when to create or update your Living Will. Advance Directive Basics An advance directive is a legal document that allow you to plan ahead and make … [Read more...] about Do I Need a Living Will?
As an adult child, one of the most difficult decisions you will ever have to face is the decision to put a parent in a nursing home. If, however, your parent needs the type or level of care that you are unable to provide, choosing to find a nursing home for your parent is in his/her best interest. Once you have made the decision that a nursing home is the best option, the equally difficult task of finding the right facility is the next hurdle to get past. To make sure you find the right nursing … [Read more...] about 5 Steps for Finding the Right Long-Term Care Facility
Creating a plan for the distribution of your estate assets after your death is undoubtedly a primary estate planning goal; however, it will not likely be your only goal. Making sure that your loved ones can access those assets when they need them after your death should be an equally important estate planning goal. To achieve this goal, you must ensure that your estate is comprised of sufficient liquid assets. To help … [Read more...] about Why Is Estate Liquidity Important?
If you have adult children, you undoubtedly want to do all you can to prevent disputes between them after you are gone. While there is no way to accomplish that goal with 100 percent certainty, the Grand Forks estate planning attorneys at German Law Group offer the following tips to help prevent estate disputes between siblings. What Happens When There Is a Dispute Over Your Estate? No matter how old you are, nor how much warning and preparation an … [Read more...] about Can I Do Anything to Prevent My Children from Fighting Over My Estate?