Newman Law Group

November 2018 Archives

Wills may need revision to ensure proper asset distribution

Baby boomers are retiring at an astonishing rate in California. Now in their 50s and 60s, many baby boomers are stepping back from careers to enjoy grandchildren, golf and other retirement pursuits. One issue they may need to pay attention to is their estate plans. Many estate plans are created when families are young, and one of the chief concerns is care for children if parents die prematurely. Once the children are grown, wills and other estate plan documents may need to be revised to reflect changes in a family's financial situation and their desires for asset distribution.

Health care directives can ease stress in later years

As people are living longer lives in California, their health does not always keep up with the elapsed time. Dementia is a term that is being heard more and more often. Sadly, it can negatively impact the care and well-being of those suffering from the malady. There have been many names in the news of elderly celebrities who are embroiled in legal battles over their care and finances. Such names as Tim Conway, Casey Kasem and Nichelle Nichols are all subjects of legal disputes with their families over such things as health care directives.