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Breaking news courtesy of the Alzheimer's Association:

The FDA has approved Aducanumab, the first approved drug that delays decline due to Alzheimer’s.

On behalf of those impacted by Alzheimer’s & all other dementia, we celebrate today’s historic decision. bit.ly/3zcLD1k

#alzheimers, #dementia, #healthandwellness

Something to be aware of, this article focuses on some examples of cases taking place in Missouri, but the reality is that timeshare-related scams can easily affect elders and their loved ones anywhere! Check out this link below for more information:

Timeshare Exit Trap: How Some of Southwest Missouri’s Timeshare Relief Operators Victimized Owners (bbb.org)

Congratulations are in order! Managing Attorney Robert W. Haley, of the Estate & Elder Law Center of Southside Virginia is listed as part of the Super Lawyers list in the category of Elder Law for 2021! He received this distinction starting back in 2007, and onward from 2009 through 2020 as well.

This accolade is presented by the Super Lawyers organization, which is an independent rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement in their respective fields. The selection process includes independent research, peer nominations and peer evaluations

Mark your calendars: April 7th, 2021 at 12:00pm starts our office's return to presenting live, in-person, seminars on a variety of topics! Certified Elder Law Attorney®, Robert W. Haley will be giving a seminar on 5 @ 55 Estate Planning Basics that everyone should have in place. 

This free seminar is part of the NCI Life 2021 Series, and is being presented through New College Institute on 191 Fayette Street in Martinsville, VA. For more information or to register, please contact NCI directly at (276) 403-5671. While this presentation will be in-person and a welcome break from the 'virtual' Zoom presentations that our office had given last year, social distancing and mask protocols will still be observed for this event.  We hope to see you there!

There are a certainly a lot of myths and misconceptions in Estate Planning! Whether at seminars in person, through consults or webinars and even over the phone, we often hear these myths listed below come up quite frequently:

MYTH #1: "Estate planning is only for the rich."

When people hear the word "estate", the automatic association is that of a millionaire, for example, "stately Wayne Manor". This is a popular misconception. Often, people believe that estate planning only benefits the wealthy, but nothing could be further from the truth.

 If you own property and assets or have loved ones that depend on you to provide for their income or care, you have an estate and need a plan—regardless of the size of your estate! 

Estate planning is something everyone needs to engage in regardless of age, estate size, or marital status. If you have a bank account, investments, a car, home or other property—you have an estate. More importantly, if you have a spouse, minor children, or other dependents, an estate plan is crucial for protecting their interests and their future income needs.

An estate plan can help you accomplish these and other important goals:

  • Protect those who depend on you and your income during their lifetime.
  • Name guardians for minor children, or adult-disabled children.
  • Name the family members, loved ones, and organizations that you wish to receive your property following your death.
  • Transfer property to your heirs and any organizations you’ve named in your estate planning documents in a tax-efficient and expedient manner, with as few legal hurdles as possible.
  • Manage tax exposure.
  • Name your executor and/or trustee – the individual(s) or institution you appoint to act in settling your estate and distributing your property.
  • Avoid probate, the court process for proving that a deceased person's will is valid.
  • Document the type of care that you prefer to receive should you become ill or incapacitated, including any life-prolonging medical care that you do or do not wish to receive. Do not assume that your loved ones "already know what you want."
  • Express your personal wishes and preferences for funeral arrangements and how related expenses will be paid.

MYTH #2: "Estate planning is only about distributing my assets after I’m gone."

Everyone knows that they need a will. But what happens when someone is in a serious accident, is in a coma, or is suffering from dementia or a stroke? Legacy and incapacity planning are two areas of planning that encompass far more than simply managing your assets during or after your lifetime.

Just like your goals, your legacy is unique to you and your family. While it includes important charitable planning goals and gifting strategies, it goes well beyond the monetary aspects to include passing down the values, experiences, hard work and memories that define your life and are important to you and your family in a way that’s meaningful to you.

Incapacity planning helps you prepare for unexpected events at every stage of your life from naming a guardian for your minor children, to who will manage your affairs if you’re no longer able to do so yourself, to the type of care you will you receive and who will oversee your care.

MYTH #3: "A will can oversee the distribution of all of my assets."

A will is a legal document that instructs how your property will be distributed after your death. It allows you to name an executor, who is your personal representative charged with overseeing the distribution of your property and shepherding it through the probate process. Probate is the process that’s required to validate your will and transfer your assets.

However, certain assets may sit outside of your will. These include life insurance policies or qualified retirement accounts (401(k)s, IRAs, etc.) that have a beneficiary designation, as well as assets or accounts with a pay-on-death (POD) or a transfer-on-death (TOD) designation. These assets transfer directly to the named beneficiaries and are not subject to probate. This is why it’s so important to review your account beneficiary designations annually or whenever changes in your life occur. For example, if you divorce and remarry and fail to update the beneficiary designation on your IRA account to your new spouse, your ex-spouse would receive those assets upon your death. Even if your will and/or trust names your current spouse as the beneficiary or co-trustee, since these assets sit outside of your will or a trust, they are not governed by those documents.

In addition to a will, it’s important to work with the right estate attorney to draw up other important legal documents to protect your interests and the interest of your dependents and/or heirs. These include:

  • Durable Power of Attorney is where you name and empower your “agent” to carry out any legal and/or financial decisions that have to be made on your behalf during your lifetime if you are unable to act on your own behalf. Unlike other powers of attorney extending specific or limited powers to a named agent, a durable power of attorney doesn’t end if you become incapacitated. However it should be known that, all powers of attorney end at your death. 
  • Health Care Power of Attorney indicates who is empowered to make healthcare decisions on your behalf and spells out how you wish to be cared for, alleviating the burden on your family members and loved ones to make those decisions at a highly stressful and emotional time.
  • Living Will is a legal document that enables you to specify the kind of medical care you do or do not want to receive in the event of illness or incapacity. 
  • Trusts: While not everyone needs a trust, it can provide the confidence that you have a plan in place to help provide for the safe and accountable management of family assets and to direct their use and distribution in accordance with your wishes and objectives. It allows while you’re alive,  for you to remain both the trustee and the beneficiary of the trust, maintaining control of the assets and receiving all income and benefits. Upon your death, a designated successor trustee manages and/or distributes the remaining assets according to the terms set in the trust, avoiding the probate process. In addition, should you become incapacitated during the term of the trust, your successor or co-trustee can take over its management. All trusts fall into one of two categories: revocable or irrevocable. Within these categories, many types of trusts exist to fulfill a broad range of needs and objectives.

MYTH #4: "Once I put a plan in place, I am finished! I don’t need to revisit it later."

Planning is never a “once and done” proposition. Your life, preferences and goals change over time, and may be also be impacted by outside influences, such as the financial markets, tax law changes and economic events. What if you marry or divorce, welcome a new child or grandchild, your minor children become adults, you move to another state, or experience the death of a spouse? All of these changes need to be reflected in your estate planning. That’s why it’s important to periodically review and update your estate planning documents, including your beneficiary designations and how your various accounts are titled!

If you or someone in your family have not started your estate planning, or asset protection planning already and are concerned about eventual nursing home care, it is crucial to consult with a Certified Elder Law Attorney® to figure out the best way to plan for the future. For more information on Estate PlanningMedicaid Planning or Asset Protection, please contact us at (855) 503-5337 to schedule an appointment.

Travel is complicated, even without a global pandemic. For seniors and other high-risk individuals, it can be even more intimidating when you’re dependent on public transportation that presents increased exposure to germs or disease. Planes, buses, taxis and even ride-sharing companies can pose a threat, with COVID-19 potentially floating in the air or living for hours — or even days — on surfaces.

Still, being out and about is sometimes necessary, regardless of your age. There are groceries to be purchased, essential supplies to stock up on and errands or activities to run, such as doctor’s appointments, family visits or religious services. With CDC guidelines urging Americans only to venture out when absolutely mandatory, there has been a marked decline in public transportation use since the beginning of the COVID-19 pandemic, and in particular, seniors are looking for safer ways to travel.

Many seniors have opted to get back behind the wheel, with their personal vehicle serving as a safer means for travel overall. If you or a loved one are preparing to hit the road during a pandemic, these are some things to consider for the sake of everyone’s safety. This article, courtesy of Bankrate.com goes into some things to consider:

https://www.bankrate.com/insurance/car/senior-driver-safety-amid-covid/ 

 

 

 

 

Managing Attorney Robert W. Haley and staff of The Estate & Elder Law Center of Southside Virginia, PLLC are pleased to announce that our Legal Assistant, Life Care Planning Coordinator and LPN, Joanna R. Smart has successfully completed her Certification in Brain Longevity Therapy Training offered through the Alzheimer's Research & Prevention Foundation

Life Care Planning is offered in conjunction with our sister company, Covenant Care Management. Life Care Planning is a holistic, elder-centered approach to the practice of law that helps families respond to every challenge caused by chronic illness or disability of an elderly loved one.

The goal of Life Care Planning is to promote and maintain the good health, safety, well-being, and quality of life of elders and their families. Elders and their families get access to a wider variety of options for care as well as knowledgeable guidance from a team of compassionate advisors who help them make the right choices about every aspect of their loved one's well-being. 

For more information on available services, please visit www.VAEIderLaw.com or call 855-503-5337.

Death Café of Southside Virginia seeks to encourage and stimulate useful, honest conversation and discussion about how we die, how to prepare, how we mourn, and how we care for and remember our loved ones who are in the process of dying, or have passed away. The Death Café is not actually a physical location, but rather, is an event typically hosted at a coffee shop, library and now online virtually.

Be sure to join us online through FaceBook this evening at 6pm on our Covenant Care Management FaceBook page: https://www.facebook.com/CovenantCareMngmt

Managing Attorney Robert W. Haley and staff of The Estate & Elder Law Center of Southside Virginia, PLLC are pleased to announce that our Firm Administrator and Life Care Planning Manager, Ryvonda C. "Cricket" Haley has successfully completed her Certification in Brain Longevity Therapy Training offered through the Alzheimer's Research & Prevention Foundation

Life Care Planning is offered in conjunction with our sister company, Covenant Care Management. Life Care Planning is a holistic, elder-centered approach to the practice of law that helps families respond to every challenge caused by chronic illness or disability of an elderly loved one.

The goal of Life Care Planning is to promote and maintain the good health, safety, well-being, and quality of life of elders and their families. Elders and their families get access to a wider variety of options for care as well as knowledgeable guidance from a team of compassionate advisors who help them make the right choices about every aspect of their loved one's well-being. 

For more information on available services, please visit www.VAEIderLaw.com or call 855-503-5337.

THE POLLS ARE OPEN!!! Virginia Living Magazine is currently taking votes for the 'Best of Virginia'. The Estate & Elder Law Center of Southside Virginia (with 2 offices in Danville and Bassett) would definitely welcome your vote and support!

To vote for us directly, please go to the ‘SERVICES’ category in the survey, and select ‘Best Law Firm’, 98#, if you wanted to skip ahead in the form.

For contest voting purposes, those who are clients of our BASSETT office are classified as living in the SOUTHWEST region. Our BASSETT office location is already listed in the drop-down menu of law offices that you can pick and vote from. Just select us for that category and submit your vote!

Those who are clients of our DANVILLE office are classified as living in the CENTRAL region. For this office, we are not currently listed in the drop-down menu of firm options. You will need to write in our firm name in to submit a vote for our Danville office location. Please enter a write-in vote for us by typing in ‘The Estate & Elder Law Center of Southside Virginia (Danville)’.

It only takes around 5 minutes to cast your vote. Vote in as few or as many of the other categories as you like! There is a limit of one ballot per person.  Thanks to all for your support! You only have until 11:45 p.m. Sunday, Jan. 31 to submit your ballot... Every vote counts!

Click on this link to vote: http://www.virginialiving.com/best-of-virginia.../Vote2021/

#VirginiaLiving #BOV2021 #BestofVirginia

When someone passes away it is naturally quite a difficult time for the family emotionally. There are often a lot of questions regarding their estate, especially early on in the Probate/Estate Administration process. 

Below are a few of the more common questions that we are often asked:

Common Question # 1: "As Executor, Am I Liable For The Debts Of The Estate Of The Person Who Passed?"

When bills start coming in after a death, the executor may worry about being liable for the deceased person’s debts. However, in most situations, you’re not required to use your own money to pay those estate debts. Debts that the deceased person incurred while they were alive, or expenses that the estate has after the death—should be paid for with estate assets. For example, if the deceased person left a checking or savings account, the executor should transfer those funds into an estate bank account and use that money to pay bills.

Common Question # 2: "What If There Isn’t Any Cash Readily Available And Bills Have To Be Paid Immediately, What Do I Do?"

In these situations, then the executor or family members may need to go ahead and pay some bills from their own funds in the meantime. One example of this would be that you might need to pay burial or cremation expenses right away. Keep careful track of how much you spend, what you spend it for, and when you spend it. As long as you keep good records, and that expense was necessary, you can reimburse yourself from the estate funds for that later.

Common Question #3: "What If The Estate Was Small, And I Am Not Sure There Will Be Enough Funds Available To Pay Every Debt Incurred By The Deceased?"

If you suspect that there aren’t enough estate funds to pay the deceased person’s debts, exercise caution about paying for anything, with either your own money or estate funds. Remember that under state law, creditors will have up to a year in some states to come forward with their claims to be paid. State law sets out the priority in which debts should be paid; creditors placed at the bottom of that list will simply be out of luck. And if you pay out money from the estate to creditors who aren’t entitled to receive it, you might indeed have to reimburse the estate for the loss that you caused it!

Common Question #4: "Am I Responsible For Paying My Late Mother's Or Father's Credit Card Debt?"

Let's say your mother passed away with very little money and a lot of debt. She named her adult child (you in this example) as executor in her will. The bank that issued her credit card has been calling you repeatedly and asking what arrangements you are going to make about getting her debt paid. Are you responsible for her debts?

The answer in this scenario here is that you are not personally responsible for her debts—and don’t let the credit card company pressure you into taking on this debt! If there’s enough money in your mother’s estate to pay all your mother’s debts, then it’s your legal responsibility to pay them from the estate. If there isn’t enough money to go around, then state law sets out the priority for paying debts. In most states, credit cards fall towards the bottom of the pile in terms of priority, below funeral expenses, attorneys’ fees, taxes, and other obligations.

Common Question #5: "If I Am The Surviving Spouse, Am I Personally Liable For The Deceased Spouse's Debts?"

In some situations, survivors may be personally liable for debts of the deceased person. Surviving spouses are liable for debts that the couple incurred together. For example, the survivor will be responsible for charges on a joint credit card, no matter which spouse actually charged the purchase. If the deceased spouse incurred a debt alone, though, the survivor may not be liable. It depends on state law, the nature of the debt, and how that couple owned property together. For example, creditors owed money by only one spouse could probably go after the deceased spouse’s half of property that the couple owned together. But if the couple owned property "as tenants by the entireties," (allowed only in some states), then creditors could not reach that property for payment of the debts of just one spouse.

Common Question #6: "If I Was Cosigner On A Loan Or A Line Of Credit Issued To The Deceased - Am I Liable?"

If someone cosigned for a loan or line of credit issued to the deceased person, the cosigner will be liable for the debt if the assets of the deceased person don’t cover it. That’s what cosigning is—promising to make good on a debt if the primary borrower, for whatever reason, is not able to do so.

Common Question #7: "What If The Executor Causes The Estate To Lose Money? Is The Executor Liable For That?"

If the executor is careless or dishonest while in charge of the estate assets, and the estate loses money as a result, the executor may be on the hook for certain debts. For example, say the executor, without waiting to add up the estate’s debts and assets, quickly pays a large credit card bill of the deceased person. Later, it turns out that the estate doesn’t have enough money to pay all of its debts—and some unpaid bills, including expenses of the last illness, have higher priority under state law than does credit card debt. The executor will probably have to reimburse the estate for the amount of money paid to the credit card issuer.

These are just a few of the questions asked. For more information on the process, check out this link here, or contact us to schedule an appointment.

Bring your cup of Comfort and join Covenant Care Management in an online discussion on Wednesday, December 16th at 6pm.

For more information on the history of the movement and the subject matter discussed during this event, please check out https://covenantcaremanagement.com/events.
To access the Zoom Meeting:
https://us02web.zoom.us/j/82434673236
Meeting ID: 824 3467 3236

Cricket Haley of Covenant Care Management is inviting you to a scheduled Death Cafe' Zoom meeting set for that evening at 6pm.

Topic: UPCOMING ONLINE EVENTS (Death Cafe')
Time: Dec. 16th, 2020 06:00 PM Eastern Time (US and Canada)

You can also register in advance for this meeting by emailing us directly at This email address is being protected from spambots. You need JavaScript enabled to view it.. After registering, you will receive a confirmation email containing information about joining the meeting.