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Guardianships are complicated and time-consuming. Unfortunately, they can also be expensive. The cost of guardianship will depend on the type, labor involved, and the specific situation of the ward.

Pre-planning is necessary to avoid needing a guardianship. People live much longer these days, and Dementia and Alzheimers are a common issue families face with loved ones or themselves. Pre-planning to deal with incapacity is very smart.

Guardianships are a complicated legal proceeding. Most people have no clue exactly how complicated and expensive they are. In some situations, however, a guardianship is required to manage the affairs of a loved one.

The time to seriously review all of a loved one's financial and estate planning affairs is in the early stages of Dementia or Alzheimer's. Progression of the degree of incapacity varies from person to person. A visit to a physician for a diagnosis and treatment plan should be your first priority. A visit to an attorney should be next.

This may sound surprising but almost everyone needs estate planning done in their lifetime. Whether you are a young couple with children, an older individual nearing retirement or a same-sex couple, having an estate plan in place can protect your assets and legacy.