Blended families are quite common in the U.S. A married couple may have a small child—but one spouse may also have children from a first marriage. The spouse may be concerned about assets and protecting those older children in estate planning. A spouse on a second or third marriage may insist on a prenup with … Continue reading What If Your Spouse Refuses Estate Planning?
Category: Estate Planning Lawyer
Why Do I Need an Estate Plan?
Yahoo News’ article entitled “Don’t fail to be ready for the day you’re dead” says that you need four key legal documents to take care of those who care for you. An experienced estate planning attorney will make sure it’s all done correctly. You want a will that will last through the years without needing constant revision. … Continue reading Why Do I Need an Estate Plan?
Important Documents in Your Estate Plan
The Durable Power of Attorney (DPOA) and a Health Surrogacy or Advanced Health Directive are used for situations where you can’t make decisions for yourself, explains Parent Your Parents article entitled “What You Should Know about Durable Powers of Attorney and Health Surrogacies.” A Durable Power of Attorney (DPOA). This is written authorization to represent or act on another’s … Continue reading Important Documents in Your Estate Plan
Why Do You Need an Estate Plan?
Everyone benefits from having an estate plan. If you own property, investments, or anything of value, you need an estate plan. If you have family or dependents, you need an estate plan. Estate planning directs how assets are directed, if you become incapacitated or when you die. The checklist for creating an estate plan includes … Continue reading Why Do You Need an Estate Plan?
How Does Probate Court Work?
Probate court is where wills are examined to be sure they have been prepared according to the laws of the state and according to the wishes of the person who has died. It is also the jurisdiction where the executor is approved, their activities are approved and all debts are paid and assets are distributed … Continue reading How Does Probate Court Work?
Should I Have a Trust in My Estate Plan?
Kiplinger’s article entitled “Why Do I Need a Trust?” says that if having assets distributed outright to a beneficiary could cause potential issues, there are several reasons to think about creating a trust. If you prefer to place specific conditions on the funds, you should have a trust. Many trusts state that distributions can only take place at … Continue reading Should I Have a Trust in My Estate Plan?