A comprehensive estate plan that doesn't just talk about what happens if you die. It also has instructions for medical care in case you become incapacitated. You can authorize someone to handle your finances with a power of attorney and also leave behind instructions...
When someone dies, there may be concerns about how their heirs will get on without them. Individuals who have a minor heir may want to ensure that the assets that their beneficiaries have will be adequate to support that minor child. A testamentary trust provides...
When you’re working on your estate plan, one of the questions you may have is how many people you should set up as your power of attorneys. You will need an agent with health care power of attorney and another with fiduciary power of attorney. You may want a general...
Asset protection is an integral part of estate planning. It keeps your property out of the reach of a would-be lawsuit. Potential lawsuits can range from a case of negligence in an automobile accident to a foreclosure lawsuit filed after you stop making the mortgage...
Estate planning is one of those things that people tend to put off, even when they know they should do it and they honestly want to do it. It’s just easy to procrastinate and push it down the road as something you’ll do next month or next year or the year after that....
Most people know that Medicare provides low-cost medical coverage for citizens that are over 65. However, what most people don’t know is precisely how Medicare coverage works. Medicare’s services are divided into four parts, each providing different benefits. They...
A trust, when drafted correctly, can be an incredibly effective way to leave assets to your heirs. Among other things, it provides you with an unprecedented level of control over the money you leave behind. However, you have to be careful not to take this control too...
As soon as you turn 18, there is something that you have to consider. The fact is that your parents no longer have any control, legally, over your life. If you get hurt or end up in the hospital, they will have no access to your medical information. The same is true...
As you've browsed our website, you've likely uncovered how personal representatives of estates have various responsibilities that they must fulfill in their role. These include inventorying and safeguarding testators' assets, paying off their creditors, filing their...
Medicaid planning can be one of the most challenging areas to get right when estate planning. If your parents have too much wealth when they need Medicaid, the authorities could take it to pay for the services they need. On the other hand, if they do not have enough...
