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
Category: Power of Attorney
The Most Important Part of Estate Plan Is Planning for Living
Most people think of estate planning as planning for death. However, a well-titled article “Planning for death probably isn’t the most important part of your estate plan” from Coeur d’Alene/Post Falls Press presents another reason for estate planning in clear terms. Estate planning is planning for the unexpected eventualities of life. Estate planning documents address how things will work … Continue reading The Most Important Part of Estate Plan Is Planning for Living
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?
Does My College Aged Kid Need an Estate Plan?
When it comes to estate planning, we usually think of older adults. However, it’s a topic that we should also consider for college students. WDIO’s article entitled “Estate planning is for college students too” reminds us that there’s a number of documents you can put into place in the case of an emergency. Power of Attorney. There are … Continue reading Does My College Aged Kid Need an Estate Plan?
Factors to Consider when Picking Executor, Trustees and POAs
Having your estate planning documents created with an experienced professional is important, as is naming the people who will be putting your plan into action. A key sticking point is often deciding who is the right person for the role, says an article from Nasdaq titled “Estate Planning: 5 Tips to Pick Trustees, Executors and POAs.” It helps to … Continue reading Factors to Consider when Picking Executor, Trustees and POAs
Estate Planning for Different Ages and Stages of Life
Estate planning is a critical means of protecting your financial legacy, providing for loved ones, reducing taxes and preventing unnecessary expenses, says an article from The Seattle Times, “Estate planning needs vary at every stage of your life.” The reasons for an estate plan change depending on your stage of life. However, no matter what your income is, … Continue reading Estate Planning for Different Ages and Stages of Life
Why Is it Important to Have an Estate Plan?
By the time you reach your thirties, it’s likely you’ve accumulated some assets—maybe a home, a car, a savings account and some cryptocurrency. However, if you are like most millennials, even though you know you should have a will, you probably don’t. An article, “5 Reasons Estate Planning Is So Important” from The Baltic Times, reports a staggering … Continue reading Why Is it Important to Have an Estate Plan?
Is Spouse Automatically Your Beneficiary?
People make a grave error when they don’t have a will because they think their surviving spouse will automatically inherit all of their worldly goods. The laws of intestacy work differently, as explained in an article “Estate Planning: The spouse doesn’t always get everything” from nwi.com. The surviving spouse rarely receives everything under the intestate laws. This often … Continue reading Is Spouse Automatically Your Beneficiary?