Given the growing number of seniors, the prevalence of diminished capacity associated with aging, and the concentration of wealth among elderly Baby Boomers, we're likely to see a serious surge in the number of cases involving undue influence in the coming years. This kind of elder abuse can disastrously affect your aging parents' and other senior relatives' estate planning. Be aware, educated, and empowered in knowing what risks are for your elderly loved ones—and for your future inheritance.
It's sad but true that many pets end up in shelters after their owner dies or becomes incapacitated. In fact, the Humane Society estimates that between 100,00 to 500,000 pets are placed in shelters each year for this reason, and many of these animals are ultimately euthanized. In light of this cold reality, if you're a pet owner, the best way to avoid this tragic event is to use estate planning to ensure your pets receive the best care when you're no longer able to care for them yourself.