What You’ll Discover in Great Courses Plus Getting Your Legal House In Order
Medicare and Medicaid are two of the most complex senior insurance programs. They have many parts and multiple payments. It is not for the faint-hearted to delve into them, but it is worth the effort. “coordination of benefits”… File Size: 8.00GB ….
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Great Courses Plus – Getting Your Legal House In Order
While the law has a significant impact on our daily lives, we rarely stop to think about the documents, procedures, and tools that enable our society to function. These issues include property and contracts, insurance and debt, taxes, estate planning, and taxation. While these may seem intimidating, taking control of your legal affairs can be one of the most important things you can do to protect yourself and your loved ones. It’s possible to simplify your legal affairs with a little organization and some steps.-By-Step planning can help you organize your legal affairs in the most efficient way.
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If you’re like many people, you may not have made the time to consider:
Do you require a will, trust or power of attorney or any other estate planning tools?
Which type of insurance and how much is the best investment?
How can we plan for our financial and medical futures?
What can we do for an end?-Of-How can we make estate and life planning simple for our loved ones
TacklIng these issues doesn’t have to be a major chore. Getting Your Legal House in Order It provides a practical, easy-to-understand, and inspiring look at the things you should do to ensure your financial security, your home, your health and your future. These 18 eye exercises were created by Sally Balch Hurme (an elder law attorney).-Opening lectures are a fun and rewarding way to get into the world of legal affairs.
As you will quickly learn, the language of legal and financial procedures can be confusing—codicils and probate, power of attorney and advance directives, annuities and Medigap insurance—but Sally Hurme offers clear explanations and a blueprint for you to follow. A simple letter of instruction, for example, can ease the burden on your family and clarify your wishes regarding your personal property.
There’s no substitute for havIng your own attorney, financial advisor, or accountant assessing your unique situation, but Getting Your Legal House in Order The course covers a wide range of personal legal issues including identity theft, advance medical directives, and renting your house out as an Airbnb. With practical tips for everyone, the course should be required viewing for anyone who wants to better understand the legal dimensions of the world we live in—and how to best plan for the future.
Unpacking Property Rights. What Can You Do With It? Your Stuff?
Whether you are thinking about buying your first home, weighing your options for retirement, or navigating the probate of a deceased loved one’s estate, financial and legal security often starts and ends with real property.
Perhaps you have never stopped to think about what a reverse mortgage is and why you would want one. Products such as timeshares, reverse mortgages, and Airbnb rentals provide fascinating insights into the U.S. legal and property system.
You might be surprised to learn, for instance, that even though you may own your own home free and clear, you don’t fully own it in the way you own your other possessions. Zoning laws, easements, covenants, and even homeowners associations can restrict what you do with your property—and even how you sell it when you are ready to move.
Professor Hurme explains the details of purchasing, selling, and owning property. This will make you a more informed consumer, as well as help you plan for the future. Some of the topics covered in these lectures include:
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Understanding the ins and outs of leases;
When and how to invest in timeshares, timeshares and other commonly advertised opportunities.
Active 55+ communities, continuing-care retirement communities (CCRCs) and other age groups-Particular properties
Questions of partial ownership or joint ownership in property;
How to calculate full cost of a property
Your data—which is your intellectual property—is one of your most valuable assets. Sally Hurme will give you a guideline of common property issues that you might discuss with your lawyer or real estate agent. She also gives you insight into the world of hackers, scanners and skimmers, which can help you protect yourself against identity thieves. How they work will help you protect yourself. To begin, buy a quality shredder.
Figuring Out Your Finances: From insurance to retirement
Sally Hurme will help you to navigate the many financial options and issues you may encounter in your lifetime. Take control of your finances
Credit and Debt: Learn about the most common forms of consumer debt such as credit cards, student loans, and mortgages. Learn how debt affects your finances.-Important credit score and how you can reduce any debt.
Insurance: How much insurance do you really need? If you do need it, will your policy provide coverage? Know the terminology and policies for annuities and life insurance (whole or term), as well as disability insurance.
Retirement Planning: Where is the best place to invest your money? When should you start making withdrawals? While financial instruments such as 401ks, IRAs SEPs, RMDs, IRAs, SEPs and IRAs can seem complicated, there are simple steps that will allow you retire in style. Also, don’t forget to reflect on issues of joint ownership and spousal benefits.
Medicare and Medicaid are two of the most complex senior insurance programs. They have many parts and multiple payments. It is not for the faint-hearted to delve into them, but it is worth the effort. “coordination of benefits” You might just save your life.
End-Of-Life Issues—Such as Who Gets What Once You’re Gone
Although no one enjoys thinking about their mortality, planning for your end is a good idea.-Of-One of the greatest gifts you can give is your loved ones is life care, funeral arrangements, or estate designations. It doesn’t take much effort or knowledge to plan ahead.-how. Sally Hurme walks you through some of the most important considerations when planning for the future, including:
An overview of wills, trusts and probate
Let us know your last wishes with letters of instruction
Powers of attorney to protect your finances and health;
Caregiving and guardianship: Special issues
Advance medical directives
All of these issues sound more dauntIng than they are in practice—as do all the issues you will learn about in Getting Your Legal House in Order. Small actions can create a snowball effect, just like tidying up your home. Whether it’s creating an inventory of existing documents such as your birth certificate and insurance policies, outlining your retirement strategy, or drafting a basic will, the guidance you will find in this course is invaluable for your peace of mind today and your family’s future.
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