Sometimes I believe that Dad is afraid my brothers and I are trying to take control of his life by handling his estate and other financial or legal affairs. How can we help him understand that we want to help, not harm, him?
You are not alone! We hear this every day from adult children who are looking out and trying to advocate for their parents. “Having the talk” with your parents about their finances and estate plan is a delicate subject. No one likes to discuss their own disabilities, their decline, or plan for their own death. (more…)
It is important to review and update your beneficiary designations as you move through different stages of your life or have life changing events. The most common changes and events that I see are marriage, divorce, birth of a child, your children becoming adults, and, ultimately, death. (more…)
Recently, our very own Kerry Peck was asked by The New York Times to weigh in on the controversy surrounding Sumner Redstone’s estate. Peck told the Times, “the Redstone pattern is happening in epidemic proportions.”
“Caregivers in particular, often younger women, are ingratiating themselves into the lives of older men,” Mr. Peck said. “They meet them at places you’d consider safe, like senior centers, churches and synagogues. They start as caregivers, and then they become romantic suitors. We’re seeing these scenarios with stunning frequency.”
To read the whole story, click here (PDF opens in new window).
At Peck Ritchey, LLC, we respect and value everything that Kerry brings to the firm and, now, to this national conversation.
Attorney Kerry Peck of Peck Ritchey, LLC, is scheduled to speak at the Lincolnshire Police Department’s “Are You The Next Victim?” event on Thursday, April 14. This event is aimed at helping individuals protect themselves against identify theft, fraud, and scams. The event will be held at Eddie Merlot’s, 185 N. Milwaukee Avenue, in Lincolnshire from 11:30 am – 1:30 pm (registration will begin at 11:00 am).
Individuals interested in attending this important event should RSVP by April 11th to Sergeant Kim Covelli at (847) 913-2345 or firstname.lastname@example.org.
Managing Partner Kerry Peck of Peck Ritchey, LLC, will be joining Larry Yellen of Fox 32 Chicago to answer questions on the Fox 32 Facebook page after their 9 p.m. broadcast tonight. During the broadcast, Yellen will be reporting on the problem of elderly individuals wandering away from their homes, and what steps can be taken to help prevent and address this occurrence. Yellen and Peck will then be answering questions on Facebook that viewers post in response to the broadcast. Be sure to tune in tonight at 9 p.m. and join us on Facebook after the story to have your questions answered.
On October 24 from 10:00 a.m. to 11:30 a.m., attorney Kerry Peck of Peck Ritchey, LLC, will be speaking at the Financial Wellness Breakfast & Brew presented by the North Shore Senior Center. The public is encouraged to attend the complimentary breakfast and learn more about the topic of special needs planning. For our family and friends that are disabled or suffer from a cognitive disability, developing a plan for their future medical treatments, guardianships, and finances is critical for preserving their well-being.
The event is free for the public and North Shore Senior Center residents and staff. For those wishing to attend, please RSVP by contacting Molly Conly at (847) 784-6050 or email@example.com as space is limited. The event will take place at Chase Bank—Winnetka Branch in the Lower Level Conference Room. For more information, click here.
Peck Ritchey, LLC, is happy to announce that Kerry Peck has been appointed as the Liaison from the Senior Lawyers Division to the American Bar Association Commission on Law and Aging. Peck’s appointment began on the 1st of September.
The ABA’s Commission on Law and Aging examines a broad spectrum of legal issues that affect people in the later years of their lives. The work that the Commission engages in helps to produce advancements in the following areas: policy and practice research, professional and consumer education in capacity assessment, elder abuse, health care decision making, guardianship, rights of older adults, Medicare, and cognitive impairment.
Peck Ritchey, LLC, is a proud sponsor of this year’s My Hero Awards, which will be held on the 17th of September in Chicago by the Lawyers Lend-A-Hand to Youth organization. The My Hero Awards commemorate leadership in and a commitment to one-on-one mentoring as demonstrated by individuals, corporations, and firms in the community.
Our very own Kerry Peck will be presenting this year’s Judge Marovitz Mentoring award to the Honorable Maureen E. Connors. If you are interested in contributing to the My Hero Awards event, the Lawyers Lend-A-Hand to Youth event page has all the relevant information about how you can buy tickets, become a sponsor, and make a donation.
Kerry R. Peck, managing partner of Peck Ritchey, was recently interviewed by NBC News journalist Maria Shriver about how the law can work in the best interest of an Alzheimer’s patient’s wishes.
According to Peck in his new book “Alzheimer’s and the Law,” there are five very important issues to look into when an early-stage Alzheimer’s patient is planning their estate. Otherwise, Peck mentions, family members could be left with extremely large decisions to make that would not necessarily be in what would have been the affected individual’s best interest. An Alzheimer’s patient would likely benefit from examining the following issues:
- When designating a Power of Attorney, select an individual that you trust to act in your best interest.
- Finalize a Last Will and Testament; this will name an executor, pay any remaining debts, and distribute your assets as you wish.
- Alzheimer’s progresses quickly, so time is of the essence with estate planning.
- What are your long-term goals? Are you willing to shell out thousands on long-term care if need be?
- Discuss your wishes, such as those regarding nursing home placement, in a heart-to-heart with your family members and loved ones. Estate planning doesn’t always cover everything, so make sure that certain individuals are able to listen to what you really want for yourself.
Estate planning gives you the opportunity to ensure that your wishes are still carried out when you are no longer capable of managing such affairs. As such, estate planning can be absolutely indispensable to many individuals, especially those with any amount of assets or children.
To read Peck’s full interview with Maria Shriver in NBC News, click here.
Attorney Kerry Peck of Peck Ritchey, LLC, recently had an article published in Bifocal, Journal of the ABA Commission on Law and Aging. His article, “Will and Trust Contests: Attorneys and the Issue of Client Capacity,” deals with issues related to client capacity and how to help clients avoid a contested will and when an attorney should question a client’s mental capacity. The article can be viewed online by clicking here.