A durable Power of Attorney can be set up in different ways. You do not have to give up total control when granting a Durable Power of Attorney, according to The Daily Sentinel’s article “Tools to help your aging parent“. Granting a power of attorney to a child is often a concern of aging parents […]

Titling assets through joint tenancy works well, until it doesn’t. Going without an estate plan and relying on titling assets through joint tenancy to a surviving spouse can be a workable plan but then again, it can become a nightmare, according to the Santa Cruz Sentinel in “After husband’s death, wife needs to create revocable […]

So, which taxes should draw your attention? There is a lot of news coverage and discussion about federal estate taxes. However, unless you are in the upper level of the wealthy, they will not have an impact on you but there are some other taxes that can be very extensive, according to the Pittsburgh Post-Gazette […]

Tax liabilities can lead to a severe financial misstep. If you are likely to inherit the family farm, it would be wise to pay especially close attention to your estate planning attorney and CPA, according to Capital Press in “The family farm is coming to you: What’s next?“. If you receive the property as a […]

You never know what the future will bring. It is best to make plans and follow them. It can take a little time, some expense and some difficult planning. However, it is very wise to have an estate planning attorney work with you to prepare your estate plan, according to AZ Big Media in “The […]

Sometimes people forget the beneficiary designations they made for IRAs and insurance and have different wishes expressed in their will. A beneficiary designation overrides a will. Therefore, any plan you might have had for that asset in your will most likely is not going to happen, according to the Daily Times in “Senior Life: Costly […]

It sometimes comes down to what was the person’s intent. The preparation of a will and estate plan is serious legal work. However, it can get very complex when a man executes three wills and doesn’t get one of them witnessed, according to nwi.com in “Estate Planning: Will formalities are important“. The courts will have […]

Yes, the importance of the directive is that it makes your wishes known. An advance directive is a way to make sure your wishes are known to another person or persons and by legally conveying them in advance, making sure you have a say, even when you don’t have a voice, according to the Enid […]

If you rely on benefits and your spouse dies, there are some key steps to follow. A person is right to be concerned about Social Security when their spouse passes away, according to the Tuscon.com in “Social Security and You: What to do when a loved one dies“. The article concerns a woman who is […]

A trust for your pets can keep them safe when you are gone. It most likely will not take a tremendous amount of money to provide financial support for your pets after you are gone, so it might be a good idea to remember them in your estate plan, according to the Times Herald-Record in […]