Estate Planning Resources - Page 7 of 7

What can I Expect if Chosen to Serve as Power of Attorney?

November 10, 2018

If you are chosen to the power of attorney for a family member or friend, you will likely have a lot of questions. One of the most common questions estate planning lawyers answer involves the responsibilities of a person chosen as power of attorney. This is not uncommon as many people are only chosen once […]

When Should You Update Your Will?

September 15, 2018

You will undoubtedly enjoy many different milestones in your life. These milestones will be a mix of happy ones and sad ones. These milestones should lead you to do one thing each time you reach one – update your will. Simply creating a will and leaving it alone will not do you any good later […]

Making the Right Choice for Your Power of Attorney

August 10, 2018

Choosing a power of attorney to handle your estate is one of the most important decisions you will make in life. Hopefully, your will was created early in life and it only needs to be updated when major life events occur. If not, now is the time to create your will and estate planning documents […]

Dying Intestate

November 9, 2017

Dying without a will is also known as dying intestate. Basically, this means that because you did not provide an outline for your assets’ distribution to your loved ones after your death, the court must determine which heirs have the right to inherit your assets, then distribute them to these heirs on your behalf. This […]

Estate Planning Considerations if You Have Minor Children

November 5, 2017

For parents of minor children, the estate planning process involves a few more considerations than it does for parents of adults and individuals who do not have children. Because a minor cannot access and use financial assets, parents of minors must designate trustees to manage the assets their children inherit until they turn 18 or […]

Now is the Time to Talk to Your Elderly Parents About Estate Planning

October 26, 2017

Talking about money and finances with your parents can be awkward. Talking about them within the context of the end of their lives and what will happen to their assets after they pass away can be downright uncomfortable. If your parents have assets and they have not yet thought about their estate plans, now is […]

How Can a Trust Protect My Assets?

November 12, 2016

Trusts are one of many devices used in estate planning. While you are planning your estate, you might write a will, determine your advance medical directive, and name beneficiaries to each of your accounts. A trust is an arrangement with a third party, known as a trustee, to hold assets on behalf of one or […]

Four More Things to Look for When Determining the Right Long-Term Care Facility

March 29, 2016

In an earlier post, we discussed a few things to look for when touring a potential long-term care facility for your elderly loved one. Making the decision to place your loved one in such a facility can be difficult, and finding the right facility can be a long, complicated process amid the greater process of […]

What Should I Look for in a Long-term Care Facility?

March 24, 2016

If you have determined that moving your elderly loved one into a long-term care facility is the most productive choice for him or her, you have a significant amount of planning and paperwork ahead of you. You also need to find a facility that can provide the level of care that your loved one requires […]

Estate Planning: What to Do, What Not to Do

March 3, 2016

If you have assets, estate planning is an issue you will have to face at some point. Ideally, this should be an ongoing process – as you acquire new assets, build your existing assets, and go through marriage and divorce and have children of your own, you should update your will and related documents to […]