Old Colony Law’s Post

Jay Leno was granted conservatorship of his wife of more than four decades, Mavis Leno, after she was diagnosed with dementia. During a Tuesday hearing, Los Angeles County Superior Court Judge Brenda Penny approved the conservatorship of the joint estate. Leno also shared he is in the process of estate planning and looking at his wife's will. All assets are common property so they will not be an issue under the conservatorship. Estate planning goes well beyond drafting a will. Sometimes we must take preventative measures to ensure the protection of our loved ones when certain decisions need to be taken on their behalf. This is where a conservatorship comes into play. Estate planning isn't reserved for the wealthy elite; it's a process available to everyone. It involves articulating your intentions for your assets and providing a clear roadmap for your loved ones. Start or revise your planning today. Contact Lastwill.Legal to learn your options. #estateplanning #wills #trusts #probate #guardians #Livingtrust #mediation #conservatorship #newyork #newjersey #lobej #law

Guardianship, or conservatorship, allows an individual to take care of someone who has become incapacitated and ensure they are being taken care of. Estate planning can help ensure that the right person is granted guardianship in the event of incapacity. #jayleno #conservatorship #guardianship https://lnkd.in/euH4JyJk

Here’s a Trivia question for you: Will your spouse be able to handle your financial affairs if you become incapacitated? 🤔 Answer: Maybe. It all depends on whether you have created a well-developed estate plan. If you haven’t, you’ll have to jump through legal hoops just like the former late night host Jay Leno. Despite the fact that he and wife Mavis have been married for 43 years, Leno wound up in a Los Angeles courtroom recently asking a judge to grant him the right to manage his wife’s affairs because she has dementia. Click here to read the full story == > bit.ly/4boyaGv. We want to help you avoid Leno’s situation. Give us a call today! ☎️ #sibleylawandassociates #legacy #family #assetprotection #generationalwealth #legacybuilding #FLmom #FLdad #estateplanning #estateplanningattorney #estateplanninglawyer #estateplan #estateplanningflorida #estateplanningmom #willsandtrusts #generationalwealth #realestate #wholesale #financialplanning #FloridaLawyer #FamilyWealth #realestateinvestor

According to the latest findings from Northwestern Mutual’s 2023 Planning & Progress Study, only 29 percent of U.S. adults have talked to their parents or guardians about their wishes regarding inheritance, will provisions and other matters related to their estates; 43 percent have discussed preferences and options regarding their long-term care. Whether your parents are eager to have these talks as they age or they need a loving nudge, take a look at this article for some helpful tips on how and what to talk about as a family. https://lnkd.in/g_kWS_XT

Elder Financial Abuse affects one in six elders, but with experienced industry insights, I can report it is higher. Arc Of Life is looking at solutions for legacy planning, helping end-of-life affairs, and helping people record and make their wishes clear. 50% of Australian’s have a will, and only 40% have a power of attorney. Many elders come into their final chapters unprepared or often with cognitive decline or dementia Wills and Power of Attorney get changed frequently by rivalry family members. It is not only before a persons departure it is the trauma afterwards where “Will”contesting is on the rise. Often, a person wishes are not honoured because our legal system is ancient. I have been privy to hear so many stories of financial abuse in elder care that I have started to record. If you have anyone in your network who has a story to share, please DM me if they are willing to discuss it, as it tends to be a taboo topic. We need to shine a light in this area. Here is an unbelievable story where the Australian courts have awarded: An estranged daughter devised a plan to murder her father with a crossbow was not enough to prevent her from successfully challenging his will and winning a share of his $12.4 million estate. #legacy #elders #eldercare #elderly

As we recognize Estate Planning Awareness Week, it's the perfect time to ensure you understand the key roles in your estate plan. In estate planning, it's crucial to understand the roles of conservators, guardians, trustees, executors, and agents. These individuals safeguard your assets, manage financial or health care decisions, and ensure your wishes are followed if you’re incapacitated or pass away. Each role has distinct responsibilities, from managing trusts to ensuring estate plans are executed properly. Our latest article breaks down these roles, helping you choose the right people for your estate plan. Learn more here: https://lnkd.in/g5GbGtfX #EstatePlanningAwarenessWeek #FinancialPlanningMonth

This article discusses democratic discrepancies in the UK regarding Capital Punishment and Assisted Dying laws, highlighting shifts in public opinion and legal challenges faced by supporters of Assisted Dying. Mark Taylor https://lnkd.in/gsYSjpVQ

🔍 Latest Blog Alert! 🔍 This week we look at the case of Manchester City star Kyle Walker and influencer Lauryn Goodman and consider the court's decision on financial provisions for their two children. Read more about the extravagant claims made and why the emphasis on reasonable needs led to their rejection. Read the full story here: https://lnkd.in/d2exGkNg #LegalNews #FamilyLaw #KyleWalker #LaurynGoodman #EJCoombsSolicitor #LegalAdvice

In England and Wales, inheritance disputes are reaching record levels, with specialist lawyers estimating around 10,000 cases annually, as reported by The Guardian. The year 2021-22 saw 195 cases go to trial, a significant increase from 145 in 2017. This rise is attributed to the wealthy baby boomer generation passing on, more second marriages resulting in disinherited stepchildren, and an increase in dementia cases leading to questions over the validity of Wills. The pandemic’s shift to executing Wills via video link and the current cost of living crisis are also contributing factors, pushing more individuals to challenge Wills out of financial necessity. 📖 Read the full article here: https://bit.ly/4axFZZw 📞 07949 010201 📧 natascha@rocheestateplanning.com

As our loved ones grow older, it becomes increasingly important to have open and honest conversations about their wishes and plans for the future. From discussing personal information to addressing legal and financial matters, these conversations can be challenging but are essential for ensuring a smooth transition and providing the best possible care. Learn more from Jeanine Drake, Financial Advisor, on effective ways for adult children to approach these sensitive topics with empathy and understanding, fostering a supportive environment for their aging parents: https://lnkd.in/g8KUBydm #retirmentplanning #financialplanning #estateplanning #wewillbethere