A health care directive is a written legal document that sets out how a person should be cared for in case of an emergency or incapacity. It indicates a person's preferences for medical care when he or she is unable to make decisions for...
elder law
in extremis
In extremis means to face dire circumstances, which may include imminent death or being near the point of death. An in extremis condition is a prerequisite for a nuncupative will. In McClain v. Adams, 135 Tex. 627, the Texas Court of Appeals...
in loco parentis
In loco parentis is a Latin term meaning "in [the] place of a parent" or "instead of a parent." The term refers to a common law doctrine which denotes the legal responsibility of some person or organization to perform some of the functions or...
incapacity
Incapacity is a term used across different areas of the legal landscape that reflects one’s inability to perform various functions.
Common uses include:
A lack of physical or mental/cognitive ability that results in a...incompetence
Incompetence or incompetency usually means a lack of legal ability to do something, especially to testify or stand trial. Incompetence can be caused by various types of disqualification, inability, or unfitness. Someone who is judged...
incompetent
Someone is considered incompetent when they are unable to manage their own affairs due to mental incapacity (such as deterioration or psychosis) or sometimes due to a serious physical disability. Incompetence can be used to appoint a guardian...
Investor Protection Guide: Advice to Take Early Retirement
In this investment scheme, brokers may advise clients that they can retire early by cashing out their retirement accounts – such as a 401(k) or pension fund – and investing instead in a traditional Individual Retirement Account (IRA) with...
Investor Protection Guide: Misleading Senior Designations
Financial advisors may be designated “senior specialists” in order to imply a certain level of training and expertise regarding issues of importance to senior citizens. The Consumer Financial Protection Bureau (CFPB) reports that there are...
Investor Protection Guide: Viaticals
A viatical settlement (also known as a life settlement) is a sale of a life insurance policy of an insured person with an abbreviated life expectancy. Sellers are typically terminally ill patients who want to cash out of their life insurance...
IRA
Individual retirement accounts (IRA) allow employees to create personal retirement accounts that receive the tax benefits of an employee sponsored 401k plan. IRAs can be created at many banks and investment companies with a variety of...