Failure to take the time to craft an estate plan could leave the state where you reside at the time of your death in the driver’s seat. Laws in most states set forth how to apportion property.
Category Archives: Life Changes
22
Apr
Apr
People overlook many of these tasks and responsibilities on a day-to-day basis. However, consider how much money or time you would need to complete them if the stay-at-home parent is unable?
18
Mar
Mar
We live in an increasingly digital world now. And courts increasingly determine whether a will created and stored on a computer, tablet, or cell phone and e-signed meets the traditional requirements of being “in writing” and “signed by the will maker.”
04
Mar
Mar
Retiring or stopping your employment means losing one type of income. For many, their retirement accounts will provide a large portion of the money they will be living on during their retirement; however, this does not happen overnight, it takes advance planning.
Adoption Law, Estate Planning, Life Changes, Trusts, Uncategorized
Springing Financial POA (Powers of Attorney)
25
Feb
Feb
After a Financial POA springs, the person nominated to handle your affairs may do what you would have otherwise done sans incapacitation.
24
Dec
Dec
No trust contains unlimited funds or an interminable time horizon. In the end, every trust eventually ends.
03
Dec
Dec
Left unaddressed, estate planning myths create serious trouble for loved ones. This often leads to intrafamily conflict, permanently damaged relationships, and lengthy and expensive court battles.
26
Nov
Nov
The court assigns assets, such as retirement accounts and insurance proceeds, to a designated beneficiary. So, in this role, they receive different treatment and more protection from creditors.
19
Nov
Nov
If an accident renders you unable to speak or make decisions for yourself, ask someone to speak on your behalf to doctors and medical providers. A Medical Power of Attorney (POA) allows someone to speak for you and arrange for treatment until you regain consciousness.
15
Oct
Oct
A life insurance policy sometimes provides money for continuing care of family members with long-term disabling health conditions.