A medical power of attorney gives you more security as you grow older. You can rest assured that someone you love is going to make your medical choices for you. The power of attorney is a legal document that gives them this ability. This is similar to using an advance...
You know the executor of your estate has an important job (or several of them) after you’re gone. You also know that it’s important to pick someone who is competent, trustworthy, organized and willing to do the job. Fortunately, you have no shortage of people in your...
Creating an estate plan must be a priority for all adults. These plans have many components that help to ensure the creator’s affairs are taken care of if they’re incapacitated and that they’re able to pass down assets to their loved ones. One component of these plans...
You want a thorough and sound estate plan. However, something bothers you, and that is your children’s relationship with money and their questionable decisions centered on money. You may describe such behavior has irresponsible and reprehensible, but you must keep...
The timeline for becoming a parent is not the same for everyone. At the age of 48, you became a father. As a late-in-life parent, you will face the same challenges and tasks as any new parent. That means waking to feed the baby at all hours of the night and making...
Simpler isn't always better, especially when it comes to estate planning. People need to really consider their current risks and future needs when deciding what documents to include in their estate plans and how they structure those documents. Often, the inclusion of...
Some adults create thorough estate plans that rely on trusts and special paperwork to transfer property when they die. When successful, these complex plans can allow someone's estate to bypass probate court entirely. Frequently, at least some of a person's property...
Traditionally, someone's last will is a handwritten document or at least a physical paper that they sign or make a mark on in the presence of witnesses. Adhering to state law during the creation of a will is crucial for those who want to have control over their legacy...
While you may have very strong feelings about what others will do with your property when you die, your family members may already have their own expectations. It is surprisingly common for immediate family members to have a profound sense of entitlement when it comes...
A succession plan has a major influence on what happens at a business when an owner or executive leaves. Some people only start preparing the succession plan when they decided it's time to retire or they receive a job offer at another company. The problem with a...
