According to experts, bananas are one of the best fruit sources of vitamin B6, which is easily absorbed by your body and just one medium-sized banana can provide nearly a quarter of your daily vitamin B6 needs. Read more
Worry Free Living. This can mean different things to different people.
“Life becomes happy, delightful and enjoyable when you set yourself free from worries.”
It can happen at any age.
One of the questions we hear a lot from those interested in StoneBridge is what legal paperwork should be in place prior to move in. Questions include subjects such as obtaining entrance fee refunds in a timely manner, handling power of attorney, and how to handle last will and testament documents. You may be wondering how your current estate plan factors in.
Whether you are planning to move to StoneBridge at Winton Woods soon or in the future, we are here to help. We have partnered with Annie Warner, Managing Attorney with Warner Law Firm here in Cincinnati for some expert advice. Her best advice is, “In order for StoneBridge to process an Entrance Fee Refund in a timely manner, your estate planning documents must be in order.”
What does this mean for you? ( What documents matter for the purposes of working with StoneBridge?)
Financial Power of Attorney
A Durable Financial Power of Attorney enables you to identify and empower a person to make financial and administrative decisions on your behalf while you are living. Laws do change, so make sure you have an up-to-date Durable Financial Power of Attorney and are able to access a copy to share with StoneBridge.
Often times persons named as Power of Attorney are no longer able to be accountable for this responsibility. It’s best to think of another who would be most capable of following through if you were to find yourself in a situation where you need to call on that person’s help and they are unable.
Without a valid, up-to-date Power of Attorney no one will be able to act on your behalf with administrative or financial tasks should you become incapacitated. The Agent you name in your Durable Financial Power of Attorney can act on your behalf with regard to collecting an entrance fee refund, as well as working on your behalf with StoneBridge on any other resident needs that may arise.
Last Will and Testament
A Last Will and Testament governs the division and distribution of assets held in your individual name at your death. It also determines who gets what after you die. Without a will, assets held without designated beneficiaries will pass by “intestacy” according to state law, regardless of your wishes.
Without a Last Will and Testament, your estate will pass according to laws of intestacy, which is a lengthy and arduous process.
Let’s discuss how your Last Will and Testament works with StoneBridge at Winton Woods.
If StoneBridge needs to process an entrance fee refund to your estate, having a Last Will and Testament will avoid questions as to how to disburse any estate funds to your heirs. Although a Last Will and Testament must endure a Probate Court Process, it provides the executor of your estate with instructions as to how to distribute your estate. This also protects your desired legacy to your heirs. If you have a valid trust in place that receives any estate assets upon your death through your Last Will and Testament, the probate process may be further abbreviated.
Once you have chosen your cottage at StoneBridge at Winton Woods, you become part of the StoneBridge family. We are here to help you through each step so you can enjoy worry-free living, pursuing your hobbies and interests, making new friends, and enjoying your new home instead of worrying about legal paperwork that needs to be in place.
If you would like more information or help with your Estate Planning, you can contact Annie Warner, Managing Attorney at Warner Law Firm, 513-449-2111.
For more blogs or to see how you could live at StoneBridge, go to www.stonebridgeatwintonwoods.com or call Pamela Cupp, Senior Living Counselor at 513-834-7000.
I don’t know about you, but when I see that show, Tiny House Nation, I think about all of the “stuff” I have that would need to either be donated, sold, or tossed in order to live like that. Well, at Stone Bridge at Winton Woods, we offer floor plans from 1000 to over 2000 square feet. So, move over tiny houses, we have something a little more viable for folks looking to downsize, but not too much. Read more
Contemplating change, especially a major one such as downsizing during retirement years, can be monumental. There are many things to consider when thinking of moving to a retirement community. Read more
We want you to know that should residents ever need help, Mercy Home Health Care Services are available. Your home is the center of your health care and where you heal best. Our Medicare-certified home health care can provide the help residents might need from everyday personal tasks like dressing and meal preparation to physical therapy and nurse visits. We can also provide Read more
Study after study shows that staying active keeps people healthier and happier. The HealthPlex (“The Plex”) in Fairfield offers many ways to maintain a healthy body, mind and spirit. The friendly people at the Plex refer to it as “a wellness oasis”, and an ideal place “to relax, rejuvenate, socialize and have fun.” Nearly every aspect Read more