With baby boomers hitting the retirement age in droves, this is something that is extremely important for friends and family members. State appointed guardians are paid to protect the elderly person/s that they represent. Too often however, we have people running into a situation where these people are stealing from and/or neglecting the very people that they are supposed to be taking care of. In this article, you will see examples of elderly people being taken for all they’re worth, being torn from their family and friendship circles. or just flat out neglected. If you or someone you know has an elderly parent, friend, or loved one, you should do whatever you can to ensure that their guardian is a close family member or friend. Avoiding the state appointed options at all cost is in the best interest of everyone involved.
This was a great article addressing the rise in unmarried couples, over the age of 50, who are cohabiting. As the number rises, we need to be stress the importance of still being prepared for your retirement through setting goals and planning whether your personal life has taken a turn or not. When unmarried people are living together and sharing assets, there can be a rise in family tension upon the death or illness to one of the two individuals. Avoiding the loss of assets and having specific beneficiaries selected for specific roles and entitlements is a good practice to ensure that your family and hard earned assets stay within your estate.