If you became incapacitated and advance planning had been done, your family will have the legal documents you need. Just as importantly, they will know what your wishes are for incapacity and end-of-life care. If there was no planning, your loved ones will have to start with a lengthy application to the court to have […]
What Happens If You Become Incapacitated? Read More »
Some reasons to update your will are more obvious than others, like marriage, divorce, remarriage, births and deaths. However, those aren’t the only reasons your estate plan needs to be reviewed, explains a recent article appropriately titled “When it comes to a will or estate plan, don’t just set it and forget it” from CNBC. Think of your
Should You Update Your Estate Plan? Read More »
A pour-over will is a particular kind of will created to work with a trust, with a goal of facilitating the transfer of assets if the person creating the trust (the grantor) has not transferred all of their assets into the trust. This happens more often than you’d think. How do you know if you
What Is a Pour-Over Will? Read More »
A will gives you control over who will manage your estate and who will receive your property, but what happens if you don’t have a will? In short: the state decides. In most cases, courts allow someone (whether a family member, friend, or creditor) to nominate themselves to represent your estate and use a pre-set
What If You Don’t have a Will? Read More »
Nj.com’s recent article entitled “What does becoming someone’s ‘power of attorney’ mean?” explains that a power of attorney (POA) is a legal document through which a principal states that his or her trusted agent may act on his or her behalf and for their benefit.A power of attorney is usually centered on addressing the principal’s financial matters, such as banking,
What Is a Power of Attorney? Read More »
Zobuz’s recent article entitled “4 Tips for Hiring a Lawyer to Help with Medicaid Planning” says you may need to turn to an attorney who can help you with Medicaid planning. Here are some factors in choosing the best elder law attorney: Referrals and Recommendations. Look for an elder law attorney in the National Elder Law Foundation or the National Academy of Elder Law Attorneys
How Do I Find a Great Elder Law Attorney? Read More »
There are countless reasons why people 50 and over fail to write a will, update a previous one, or make other estate planning decisions. Market Watch’s recent article entitled “We beat up 6 of your excuses for not writing a will (or updating an old one)” takes a closer look at those six reasons, and how to help overcome them. Excuse
Why Shouldn’t I Wait to Draft my Will? Read More »
Getting your affairs in order may not be on anyone’s top ten fun list for a weekend. However, once it is done, you can relax, knowing your loved ones will be cared for. Is estate planning more or less painful than doing taxes once a year? The answer depends on who you ask, but a recent article
Just What Is in an Estate Plan? Read More »
There’s no way around it, this is a difficult conversation to have with aging parents or loved ones. Who will take care of parents when they cannot take care of themselves? Do they have their estate plan in order? According to this article from Health, an important detail is often overlooked: “A Health Care Power of Attorney Is Essential
Is It Necessary to have a Health Care Directive? Read More »
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