Category: Power of Attorney / POA
Everyone, including lifelong singles, should have an estate plan. If you are not married and do not have any children, you might think you do not need an estate plan, but the NWI Times recently addressed this in “Single childless adults need to plan too.” As the article points out, if such a person passes […]
High school graduates don’t usually consider an estate plan but perhaps they should. Recent high school graduates may be in the market for estate planning, according to the Union Leader in “High School Graduates Have Estate Planning Needs.” High school graduates generally are thinking about going to college or getting a job but perhaps they […]
Increased terrorist and fear of plane crashes increases interest in estate planning in U.K. Residents of the United Kingdom are considering estate planning because of fear of terrorist incidents and plane crashes according to the Daily Mail in “After terror attacks and the MH370 disappearance more people are making ‘holiday wills’ because they’re afraid of […]
The terms guardian and conservator are often used interchangeably despite having different meanings. Guardian and conservator mean two different things but are often used interchangeably resulting in confusion for the average person. The Motley Fool explains the different responsibilities in “What Is the Difference Between Conservatorship and Guardianship?“. Traditionally, a guardian is a person designated […]
Getting prepared for meeting with an estate planning attorney can improve efficiency. Meeting with an estate planning attorney for the first time can be much more productive if you have prepared in advance. Recently, the Wills, Trusts & Estates Prof Blog offered some tips about how you can prepare and make that first meeting with […]
If you appoint one of your children as power of attorney you should make certain they can handle the job. The person you would want to handle your affairs if you are incapacitated is one of the questions you may have to face in preparing an estate plan. The first instinct of most people is […]
The early signs of Alzheimer’s disease can be surprising. A person does not suddenly become incapacitated from Alzheimer’s disease and early warning signs may be surprising. It is extremely important that people do their estate planning before they become legally incapacitated from Alzheimer’s disease but many people wait until it is too late. Fundamental planning […]
A key part of an annual year-end review of financial planning should include a review of the estate plan. As the end of each year approaches, people who keep close watch on their financial plans take that time to look at investments, asset relocations and a close look at the status of their retirement plans. […]
Former NBA player Lamar Odom may have made a mistake with his estate planning when he apparently didn’t consider divorce in his planning. Lamar Odom, husband of reality TV star Khloe Kardashian, was found recently near death in a Nevada brothel and may have made a mistake in his estate planning prior to the incident […]
When it comes to IRAs most couples name each other the beneficiary and the remaining spouse creates a spousal rollover. If the surviving spouse is incapacitated by an ailment such as dementia, complications can arise. What happens when end-of-life affairs are set up for a couple and one member later becomes incompetent? The potential problem […]
