At some point in our parent’s lives, most adult children will need to manage their parent’s finances. Recognizing this responsibility is necessary is the easiest part of the undertaking, the rest should be handled with empathy, patience and persistence. Americans are living longer. According to a recent report from the Centers for Disease Control and Prevention…Read More
The power of attorney selection is a large part of the estate planning process. In addition to a will and medical directive, among other documents, the durable power of attorney is an important part of any estate planning process. It allows someone else to be in charge of your finances. Needless to say, whoever you choose…Read More
While most estate planning tends to focus on a person’s property, a comprehensive plan will include planning if you become disabled or incapacitated as a result of an accident, injury, disease or illness. Good incapacity planning will include the following “tools”: Revocable Living Trust. While this type of trust will hold your assets, a properly…Read More
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
