12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Longevity and unusual family relationships can complicate estate planning in Marina, CA

Longevity and unusual family relationships can complicate estate planning in Marina, CA


I've learned that regardless of your relationship with your parents, you'll miss them when they're gone from your life.
 
- Maya Angelou


Longevity and complex family relationships (ex-spouses, step-kids, step-grandchildren, extended siblings) are turning the already tricky matter of estate planning into a giant challenge.

It is estimated that more than $20 trillion will be transferred to heirs in the next 50 years — the largest transfer of wealth in U.S. history. People are living longer. Health care costs for seniors are eating up family estates. Reliance on others to feed and care for them and their finances can put more elderly at risk of financial or physical abuse by their caretakers.

The number of Americans age 65 and over has topped 40 million, or 13% of the U.S. population. It's estimated that the 65-plus population will make up one-fifth of the nation by 2050. Health care advances are pushing seniors to even longer lifespans, but are also adding enormous costs.

The fastest-growing age group among seniors is 85 to 94, jumping 30% to 5.1 million the last decade, according to the Census Bureau.

Many people mistakenly believe that Medicare and other retiree benefits will pay for their parents' care. In fact, only long-term health insurance will cover custodial care. Sometimes their children will be responsible for their parents in later life. If the estate is not clearly divided in a will, the children who took care of aging parents often feel that they should inherit more than the siblings who did little.

Sometimes, aging parents dangle the prospect of an inheritance to make sure their children will care for them in their later years. Yet the data suggests that most parents tend to distribute assets equally between children.

Family feuds over inheritance can multiply in blended families. There are ex-wives and ex-husbands, children and stepchildren, parents and stepparents. More than 50% of all first marriages end in divorce and about 75% of divorced people will marry again. More than 40% of American adults have at least one step-relative.

There are no foolproof solutions to the estate planning problem, but talking the issues out when parents are still alive can help. And planning is crucial. People might fight over money. They might fight over over memories. They might even fight over sentimental items. It is best to start planning at the first signs of health problems rather than waiting until you have to be put in a care facility.

Recognize that estate planning is hard. Whenever it involves money, someone always feels that they're on the short end of the stick. There is no perfect formula for the distribution of wealth. But plan you must, because we're all going to die at some point and you want to show your loved ones that you loved them all equally.
 
Personalize & Print a Free CA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free CA Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Marina, CA
Ronsin Attorney Svc
740 Texas St
Fairfield, CA 94533
(707) 425-9987
Attorneys Support & Service Bureaus, Attorneys, Legal Service Plans
Mc Dougal & Co
2515 Venture Oaks Way # 380
Sacramento, CA 95833
(916) 924-9911
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans
Bixler Gary
1391 W Grand Ave
Grover Beach, CA 93433
(805) 473-9793
Attorneys, Legal Service Plans
Unity Immigration Law Office
11230 Garvey Ave # B
El Monte, CA 91733
(626) 575-9777
Immigration & Naturalization Consultants, Attorneys, Immigration Law Attorneys, General Practice Att
Dummit Faber Briegleb & Di Amond Law Offices
1661 Garden Hwy
Sacramento, CA 95833
(916) 929-9600
General Practice Attorneys, Attorneys, Legal Service Plans
Walther Mark A
540 Pacific Ave
San Francisco, CA 94133
(415) 981-9490
Attorneys, General Practice Attorneys
Honeychurch Criminal Law
823 Jefferson St
Fairfield, CA 94533
(707) 344-9188
Criminal Law Attorneys,  Attorneys,  DUI & DWI Attorneys,  Personal Injury Law Attorneys,  Legal Cli
Murphy & Gilmore
1039 Green St
San Francisco, CA 94133
(415) 765-9000
Attorneys, General Practice Attorneys
Goodman & Herbert
744 Empire St # 103
Fairfield, CA 94533
(707) 422-8911
Family Law Attorneys, Attorneys, Divorce Assistance, Divorce Attorneys, Legal Service Plans
Roka Akor
500 Jackson St
San Francisco, CA 94133
(415) 362-8887
Personal Injury Law Attorneys
Chinese Bay Services
1341 Stockton St
San Francisco, CA 94133
(415) 362-8866
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Ladva Law Firm
530 Jackson St
San Francisco, CA 94133
(415) 296-8844
Attorneys, Labor & Employment Law Attorneys, Personal Injury Law Attorneys, Legal Service Plans
DeRonde John A
460 Union Ave
Fairfield, CA 94533
(707) 429-8730
Attorneys, Divorce Attorneys, Family Law Attorneys
DeRonde And DeRonde
460 Union Ave # B
Fairfield, CA 94533
(707) 429-8700
Divorce Attorneys, Family Law Attorneys, Attorneys
Labor Law Office
622 Jackson St
Fairfield, CA 94533
(707) 639-8563
Labor & Employment Law Attorneys, Attorneys
Herreras William A
200 S 13th St Ste 212
Grover Beach, CA 93433
(805) 473-8550
Attorneys, Legal Service Plans
Rhoda Chandler, Certified Family Law Specialist
539 Jackson St
Fairfield, CA 94533
(707) 425-8500
Family Law Attorneys, Attorneys
Anderson Beth
550 Webster St # 3
Fairfield, CA 94533
(707) 427-8440
Family Law Attorneys, Attorneys, Legal Service Plans
Gallas Joseph
150 S 13th St
Grover Beach, CA 93433
(805) 489-8411
Social Security Consultants & Representatives,  Attorneys,  Social Security Services,  Social Securi
China Central Service
1235 Stockton St
San Francisco, CA 94133
(415) 982-8318
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Chin Eddie Y
1123 Stockton St # 1
San Francisco, CA 94133
(415) 989-8168
Immigration Law Attorneys, Immigration & Naturalization Consultants
Dana's Paralegal Service
733 Texas St
Fairfield, CA 94533
(707) 422-8033
Divorce Assistance, Legal Document Assistance, Attorneys, Family Law Attorneys, Divorce Attorneys, P
Hermandad Mexicanca Nacional
310 N Soto St
Los Angeles, CA 90033
(323) 260-8012
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
H Vl Associates
9611 Garvey Ave
South El Monte, CA 91733
(626) 279-7988
Paralegals, Legal Document Assistance
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US