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What Responsibilities Should a Financial Power of Attorney Have?
What Responsibilities Should a Financial Power of Attorney Have? There may come a time when you need assistance regarding the financial matters in your life. It is better to make preparations for this time now, while you are still sharp and able to make decisions....
What Is A Limited, General, Springing And Durable Power of Attorney?
What Is A Limited, General, Springing And Durable Power of Attorney? Although many people have heard of the concept of a power of attorney, not as many are aware that there are many different types of powers of attorney (POA). Nor do they understand the difference...
How Often Should I Update My Will and Other Estate Papers?
How Often Should I Update My Will and Other Estate Papers? Some people set up their will and other estate documents and then pretty much forget about them until the time comes to put them into action. This “plan” is never a good idea. The younger you are when you...
Setting Up A Trust and Making Sure It Is Safe When You Are Estranged
Setting Up A Trust and Making Sure It Is Safe When You Are Estranged Betty and her daughter have had problems for years, and they no longer talk. Her daughter is prone to unpredictable behavior and has never been good at money management. Unfortunately for Betty,...
Do You Love Your Family? Why Guardianship Matters Today!
Do You Love Your Family? Why Guardianship Matters Today! As mothers, we love our children — it is, perhaps, our defining quality. Everything we do is for and about them in the end. But in the back of our minds, we always labor with the uneasy knowledge that if...
Tips on Selecting Someone to Become Your Financial Power of Attorney
Tips on Selecting Someone to Become Your Financial Power of Attorney Choosing who should hold the powers of attorney over vital areas of concern when making your estate plan is not a decision to be taken lightly. You need to know that the person you choose has the...
Why You Should Create an Estate Plan Even If You Are Not Rich
Why You Should Create an Estate Plan Even If You Are Not Rich Many people believe that in order to need an estate plan, they should own a mansion on a massive plot of land, a multinational corporation, a fleet of yachts, and a handful of champion racehorses. This...
What Does A Trust Do That A Will Cannot?
It depends. It depends on your goals going into estate planning. The who, why and what. (Questions your attorney should be asking you before you plan...) In this instance: Who are you protecting? Your young kids. What are you protecting? Monies you want your...
What are third-party special needs trusts?
Recently we shared an article which discussed three types of special needs trusts; third-party special needs trusts, first-party special needs trusts and pooled trusts. We also shared that we generally think of any trust, special needs or otherwise, as boxes to safe...
What Happens if I am in the Middle of a Divorce and I Die?
"What Happens If I Am In the Middle of a Divorce and My Spouse Dies?" Short answer: Divorce proceeding ends because the marriage ended at the death of the person. Long answer: There still needs to be decisions about the money, things, property, and children. ...