Your decision-makers will be responsible for ensuring your plan is followed and your wishes are honored. Here’s a description of the types of decision-makers in an estate plan: Medical Power of Attorney (or Medical Agent): Someone to make medical decisions for you if you cannot make them for yourself. This person only makes medical decisionsContinueContinue reading “What do my decision-makers do?”
Category Archives: Estate Planning Basics
Who Are Your Decision Makers?
Decision-makers are those who will make decisions for you when you cannot make them for yourself. These decision-makers are needed if you become disabled or when you die. Take the time to determine who decision-makers are early in the process to prevent delay. Prior to your consultation, we recommend determining both your primary and back-upContinueContinue reading “Who Are Your Decision Makers?”
Why A Divorced Parent Should Consider a Trust
Say you have minor kids, you pass away, and you leave money to be used for the benefit of your children (who are now under the full care of your ex). One option is, of course, to leave the money to your kids such that your ex manages the funds while the children are minors.ContinueContinue reading “Why A Divorced Parent Should Consider a Trust”
What is Estate Planning Anyway?
What is estate planning? Estate planning is the process of planning for the handling of your assets in case of disability or death. I don’t consider myself to be wealthy. Do I even have an estate? Yes! Everyone has an estate. An estate is simply the combination of all of your assets and property. IfContinueContinue reading “What is Estate Planning Anyway?”
Benefits of Creating an Estate Plan
COVID-19 has prompted many to contemplate important topics such as end-of-life decisions and estate planning. By making these choices and preparations in advance, families can ensure that they are carrying out the wishes of their loved ones and also prevent some of the difficulties that are often faced in these circumstances. The resources below touchContinueContinue reading “Benefits of Creating an Estate Plan”
What Does the Estate Planning Process Look Like?
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What is Estate Planning?
Estate planning is the process of reviewing your personal and financial assets and planning for how those assets should be used to care for you and your loved ones should you become incapacitated or die. Estate planning also includes deciding who will make key decisions for you if you are unable to make them forContinueContinue reading “What is Estate Planning?”
What Does An Estate Planning Package Include?
An Estate Plan includes multiple documents that apply to various scenarios. A will describes your wishes for your property. A trust, which can be helpful if you have children or if you wish to avoid probate, is flexible and protective of your loved ones. An advanced health care directive specifies the type of care youContinueContinue reading “What Does An Estate Planning Package Include?”
Hiring an Estate Planning Attorney to Create a Living Will is One of the Most Important Gifts You Can Give Your Loved Ones
When people think of estate planning, if they think of it, they think about wills and maybe trusts or where one’s property will go at one’s death. Making sure that your property is handled according to your wishes in a way that blesses your loved ones is very important. However, arguably even more important isContinueContinue reading “Hiring an Estate Planning Attorney to Create a Living Will is One of the Most Important Gifts You Can Give Your Loved Ones”