Elderlaw News April 2012

April 2012

Welcome to our E-Newsletter

To Clients Colleagues and FriendsElderLaw News is a monthly e-newsletter that brings you reports of legal developments and other trends of vital interest to seniors and their advocates. This newsletter is brought to you by Julian Gray Associates.




5 Ways Your Will Can Become Useless, Or Close to It

Is having an out-of-date will better than having no will at all? While wills do not have expiration dates, certain changes can render them useless. When this happens, having an out-of-date will can be the same as having no will at all. It is important to review your will periodically to ensure it still does what you intend.

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Low Interest Rates Force Long-Term Care Insurance Prices Up

Prices for long-term care insurance policies jumped between 6 and 17 percent in the past year, according to an industry survey.

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Never Say Die -- The Myth and Marketing of the New Old Age

Living longer is supposed to be better, but that's not the reality in most cases argues the author of this thought-provoking book that examines the way the media portrays aging in America -- and how that portrayal is lulling us into complacency.

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Study Suggests Some Are Saving Too Much for Retirement

A retirement planning rule of thumb is that people should aim to replace 80 percent of their preretirement gross income when they retire. But a new analysis calls this clearly misguided,†and suggests what it claims is a more realistic alternative.

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Whitney Houston's Estate Plan Illustrates Use of Testamentary Trust

Whitney Houston's tragic death provides an example of how a trust that takes effect upon death can work as part of an estate plan. But Houston's estate plan has some surprising aspects as well, including why she used such a trust.

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