A power of attorney is a legal document that names an agent to make financial or medical decisions. This form is used when the individual known as the “principal” is unable to make decisions for one reason or another, or, cannot be present to sign legal documents during financial transactions.
Everyone should have designated an agent for medical and financial decisions. If you haven’t named an agent, it’s time to draft the documents with an elder law attorney experienced in...
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Tag Archives: "Wills"
31 May
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Why Do People Drag Their Feet When It Comes To Estate Planning?
Most people avoid consulting with an attorney when they should be planning for the future. As such, they tend to postpone the task of making an estate plan. There are numerous reasons why people wait to converse with an estate planning attorney with regards to making an estate plan.
The Reasons
Let’s have a look at a list of reasons why people avoid estate planning:
People Don’t Want To Think About Serious Illness or Death
People don’t prefer to even...
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28 May
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What happens to your Assets if you die without a will?
You work hard your whole life saving and investing to have a great retirement. If you were not able to spend all your money before your death, you want to make sure those hard-earned assets are passed to intended family members and/or friends. Without a Will, your assets could be left to your State of domicile.
When a person dies without a Will attorney it is called intestate. Your property will pass through the probate process and the courts will...
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27 Apr
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Situations in Which Your Assets Might Be At Risk
Not all are conscious of the need to have an estate plan in place. The Estate Plan can include a Will or a trust but goes beyond in making sure your assets are managed if you are disabled. It can decrease the taxes, fees, or court costs your heirs may incur after your death. Failure to plan for the management and dispersement of your estate during disability and after death can be very expensive and cumbersome and this is...
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27 Mar
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Will vs. Trust – What Do I Need?
People work hard throughout their life to provide for their families while living and even after death. We often have ideas and wishes as to what and where those items/monies go to. Regardless of your means, you have an estate and there are several strategies to choose from to ensure those assets are distributed according to your wishes and in a timely fashion. We call it your Estate Plan. The right strategy depends on your circumstance. For some, a...
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05 Dec
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Want To Update Your Will? We Can Help You!
Once a Will is written, signed, notarized, and witnessed, it is termed legal as long as it meets the State law requirements. In order to change a Will completely, you must either create a new one or a Codicil. However, you cannot modify it by merely crossing out something or including anything new.
Reasons for Making Will Updates
Some of the few reasons to update your Will are:
Marriage: You want to include your new spouse in your estate plan.
Divorce:...
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06 Oct
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The Indispensable Checklist of Estate Planning
Estate planning is one of the best investments you will ever make. A few dollars spent will usually save thousands or hundreds of thousands of dollars that would otherwise be lost to taxes, attorney fees, court costs of nursing homes. it does not need to be complicated in most instances and provides you with the great piece of mind. While meeting with you, we discuss your goals and concerns. You will be educated on various legal “tools” available to...
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