Elderlaw News April 2012

April 2012

Welcome to our E-Newsletter

To Clients Colleagues and Friends

ElderLaw 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Is having an out-of-date will better than having no will at all?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 When this happens, having an out-of-date will can be the same as having no will at all.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.


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.


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.


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 missguided,†and suggests what it claims is a more realistic alternative.


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.