Making the right choice for ensuring your medical needs are taken care of, should you become incapacitated, is one of the most important decisions you can ever make. In general, there are two ways to handle this and spare your loved ones the agony of not knowing what to do. These two options are the [...]
Wills, trusts and powers of attorney are essential tools to plan for your senior years. They allow you to protect your finances, ensure that your last wishes are met, and that any medical needs you might have can be taken care of even if you become unable to make the decisions on your own. They [...]
You’ve worked hard all your life trying to get ahead and leave something behind for your loved ones. You want to have some degree of control over who gets what. Everyone has an estate, even people who have relatively modest possessions, and that means you’ll need to decide on a strategy for taking care of [...]
One of the reasons to come up with a complete estate plan is to ensure that the wishes of your loved one are being followed when they are unable to make decisions for themselves. This can be done in quite a few different ways. There may be a written list of wishes such as a living [...]
If you are getting ready, are in the middle of, or have just completed your initial estate planning meeting with your law attorney then you may be considering several different options. Two of them may be a will and a trust, respectively. They both ultimately do the same job of protecting and distributing your money [...]
Everyone has heard the nightmare stories about long protracted legal battles that occur between close families after a loved one passes on. Nobody wants this for their family, yet many people set their families up for just such a scenario. Fortunately this can be avoided with some proper planning and discussion. Here are some easy [...]
You may spend a lot of time thinking about having a will, but what does a will really do? It is a legally binding document that spells out the last wishes of the author upon their death. Here are some of the things that having a will can accomplish for you. Revoking Prior Wills The [...]
As people age their minds undergo changes. Things that were once routine tasks can become difficult or even impossible for them to do any longer. These changes can manifest themselves in the way the elderly handle their finances. Look for these signs to see if an elderly loved one you know may no longer be [...]
Do you have a collection of art, coins or other valuables that you would like to live on after your death? Then you might be considering donating that collection to a museum or other charity that will be able to use or display it. If you are, then you will need to set up a [...]
Having a person appointed as your power of attorney is a necessary step to ensure that your wishes are followed if you are incapacitated or unable to speak for yourself. However, due to liability lawsuits there are certain banks, investment houses and other entities that might not accept your power of attorney. Why Would they [...]
