According to the Pew Research Center, the divorce rate has more than doubled for people over 50 since the 1990s. According to the AARP’s article entitled “Getting Divorced? It’s Time to Update Your Caregiving Plan.” A divorce can be financially draining. Moreover, later-in-life divorces frequently impact women’s finances more than men’s. That is because in addition … Continue reading Does ‘Gray Divorce’ Fit into Estate Planning?
Category: Living Will
Does a Will Protect My Money and My Family?
If you die without a valid will, your state may keep more of your assets than if you have a will. Your family won’t have any control and the court will follow the laws of your state regarding how your assets are distributed. That’s probably not what you want to happen, according to the article “People … Continue reading Does a Will Protect My Money and My Family?
Should I Update My Estate Plan?
An estate plan exists to accomplish three things. Real Daily’s article entitled “4 Good Reasons to Update Your Estate Plan” says that as you age, you should consider updating your estate plan. Why? Well, your feelings may change over time or you may experience a significant life event that requires you to update things. These are events … Continue reading Should I Update My Estate Plan?
The Risks of Creating Your Own Estate Plan
We call it the brother-in-law syndrome: your brother-in-law knows everything, even though he doesn’t. He tells anyone who’ll listen how much money he’s saved by doing things himself. Sadly, it’s the family who has to make things right after the do-it-yourself estate plan fails. This is the message from an article titled “Dangers of Do-It-Yourself Estate … Continue reading The Risks of Creating Your Own Estate Plan
Yes, You Need a Will. Now.
Less than half of Americans have a will, or have any idea of how they would like to have their money and property handled at the time of their passing, according to an article titled “How to make a will and why you need one while you’re still alive” from Today. Why do you need a will? A … Continue reading Yes, You Need a Will. Now.
How Can I Choose an Estate Planning Lawyer?
Only about a third of Americans have an estate plan, according to the article “Choosing an estate planning lawyer” from Senior Matters. The number of people with wills is decreasing, rather than increasing, despite the events of recent years. Estate planning is worth doing, for the peace of mind, the personal and financial protection it provides, not to … Continue reading How Can I Choose an Estate Planning Lawyer?
Why You Need an Estate Plan
Did you think you had to be rich to have an estate? Think again! From a legal perspective, your estate includes everything you own, from tangible property like a car, house, furniture, as well as intangible assets like insurance policies, bank accounts, retirement and investment accounts. You don’t have to be rich to have an … Continue reading Why You Need an Estate Plan
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?