If you are in a second marriage or planning another trip down the aisle, then estate planning can get complicated very fast. You probably want to provide for your current spouse but not inadvertently benefit your former spouse. If you have children from either marriage, then juggling their interests can be a challenge. Take Inventory…Read More
Taking care of an aging parent can bring a unique set of challenges for both you and your parent. First of all, talk with your parents about estate planning. Do they have a will? Do they have a medical directive readily accessible? When the time comes, have they thought about who they would designate as…Read More
Most people have the best of intentions when it comes to planning their estate. However, in the absence of proper planning, the best of intentions may not be enough. Here are six of the most common estate planning blunders people make: Failing to plan. The biggest mistake is not planning in the first place. A…Read More
In recent days, many people who have never done their estate planning are now realizing that it should be a top priority. We are in the midst of a worldwide pandemic. In the unfortunate instance that you or your loved ones become ill with Covid-19, you should have a Medical Power of Attorney on hand….Read More
What are the duties of a legal guardian or conservator? A legal guardian or conservator is appointed by the court when an individual has been determined to be mentally or physically incapacitated. This can also be a minor who is in need of an adult to manage their assets. Guardians A guardian has a fiduciary…Read More
Families who have a loved one with special needs have a unique set of challenges. Parents of a special needs child or adult usually have services in place to create a structured and safe environment for them to live a productive life. A trust is also the best way to be sure that your special needs…Read More
The term “estate planning” includes a set of documents that will help you and your family manage your estate and your healthcare when you cannot. A will, a trust, a power of attorney, beneficiary designations, and an advance medical directive are all a part of an estate plan. It is important to give your family…Read More
The COVID-19 pandemic is sparking an increase in estate planning. People are creating their wills, medical directives, and powers of attorney through one of the many websites that provide legal services because it’s convenient less expensive. Those websites will not solve your problems if you have a unique situation. Say, children from an earlier marriage…Read More
Our amount of time on this earth is unpredictable. As the average life expectancy continues to rise, most Americans feel like they have all the time in the world before they need to focus on something as unsettling as their own death. In some minds, thinking about death equates to thinking about estate planning. But,…Read More
Do you have a will? How about a power of attorney or advance medical directive? If you have a retirement account, own your own home, or have children, you need an estate plan. If you have what you believe to be minimal assets, an estate plan is still in your best interests. Anyone can become…Read More
