Five Common Questions About Estate Planning
Here are five of the most common estate planning questions. While estate planning is not the most exciting thing to think about, it is necessary to make sure your children and family members are taken care of and your assets get distributed according to your wishes. Do not get overwhelmed by the estate planning process….
Estate Planning Tips for Parents
In the excitement of having a baby, we often forget to plan for the unexpected. Luckily for you, we have four estate planning tips for parents to help you do precisely that. Appoint a Power of Attorney When there is a newborn on the scene, it is essential you and your partner execute a power of…
What Millennials Should Know About Social Security Disability
Accidents happen when you least expect them. One day, you are healthy and active, and the next you can be down and injured. Since accidents are unpredictable, social security disability is the protection you should learn more about. Every age group, if they are working, deserves to have a backup plan. As a younger generation,…
What Is a Durable Power of Attorney?
What is a durable power of attorney? A Power of Attorney designation gives someone the right to make decisions on your behalf in a number of different matters. A Durable Power of Attorney allows for that decision-making to continue, for the designated medical and financial issues that it covers after you become incapacitated or are mentally unable…
How Do I Go About Setting Up a Trust?
How do you go about setting up a trust? People often think a trust is set up only by rich people, but that is not the case. Many people set up trusts, and the reasons are varied. While some people set up revocable trusts to help with taxes, the majority of trusts are set up…
What Are the Duties of a Guardian?
A guardian is appointed by you or a judge to make sure your children are adequately cared for if you pass away or no longer can perform your duties. In essence, it is up to them to provide the child with the same necessities and privileges that they would expect to receive if you were…
Can My Spouse and I Have A Joint Will Or Do We Need Our Own?
It is a common scenario: A married couple decides to get their estate papers in order, and when they get to the will, they see no reason why they cannot write a joint will. After all, they have had all the kids they plan on having or do not plan on having kids. The couple…
What Is The Difference Between Each Power of Attorney
A power of attorney is a document that gives someone else the authority to take care of decisions or transactions that you would typically take care of yourself. These documents usually are meant to go into effect should the person who initiated them become incapacitated due to illness or incapacity; often due to age. Each…
Your Guide to Forming a Charitable Trust
If you love the idea of contributing to society through philanthropic donations, consider setting up a charitable trust. Not only will giving back make you feel great, but you can also snag some considerable estate and income tax benefits. The more money you give, the more you save. In fact, wealthy estates could save hundreds…
Estate Planning Advice for Starting Difficult Family Conversations
Do you have aging parents, or are you worried about what you may be leaving behind? Dreading having that hard conversation about estate planning? Nobody wants to think about the possibility of their loved ones passing away but preparing for these kinds of things in advance can provide everybody with some much-needed peace of…