A Durable Power of Attorney for Health Care allows you to name someone else, usually a family member, to make decisions about your medical care in case you are unable to make those decisions yourself. It gives that person instructions about the kinds of medical treatment you want and don’t want. Durable Power of Attorneys are important…Read More
A basic tool in any person’s estate planning is the will, which usually addresses not only your property and assets but also dictates who will care for minor children if both parents pass away. Wills aren’t really the best and final option for every estate, especially given that probate must occur before any assets are…Read More
We have all lost a friend or family member…someone that we love. From time to time we may find ourselves in charge of closing out a person’s estate after they die. Such a task can be stressful and overwhelming, but if you were designated to take charge by the person that passed, then it’s a…Read More
In the context of estates, when a person dies, a probate or estate proceeding is often commenced in the county in the state where the decedent resided at the time of his or her death. This proceeding is often referred to as the “domiciliary probate.” However, when a non-resident decedent dies leaving oil and gas…Read More
Families who do not get along are common. Bad family dynamics should be considered when it comes time to do your estate planning, including your will or trust. Fractured relationships may cause you to disinherit that person, as unpleasant as it may be. Additionally, divorce, blended families, or addiction tend to change family relationships faster…Read More
In the context of estates, when a person dies, a probate or estate proceeding is often commenced in the county in the state where the decedent resided at the time of his or her death. This proceeding is often referred to as the “domiciliary probate.” However, when a non-resident decedent dies leaving real property and/or…Read More
Although charitable giving is not the first thing that comes to mind when people begin their estate planning, most people do want to use their money to help change the world. The thought of estate planning all by itself is a daunting project. Who wants to think about the end of their lives? The idea of allocating your…Read More
This is a great question and one that we hear often. Estate tax and inheritance tax are two different things. The estate tax is a tax on a person’s assets after death..In 2021, the federal government assesses a tax on all estates with a value greater than $11.7 million. Estate tax ranges from 18% to 40% once…Read More
Advance care planning is planning for care you would get if you become unable to speak for yourself. Many people assume that their families will know what to do when it comes to their family members’ care, but few Americans have had detailed conversations about their wishes for end-of-life care. These family conversations can be liberating. Making…Read More
Thanks to the advances in medical science, people are living longer than ever before. As we grow older, we may find ourselves in a position where decisions need to be made about our care. If we are in a condition where we cannot express our preferences about treatment, decisions will be made for us by…Read More
