Durable Power of Attorney, Health Care Proxy, and Wills: What You Need to Know
The estate planning process encompasses a range of important legal and financial matters. No one likes to think about death or dying, yet it is important to be prepared in case of an emergency. Especially, for instance, young parents who have minor children…what will happen to your kids if something happens to you? The “Durable”…
A Young Family’s Guide to a Rock Solid Estate Plan
What does a young family need for a rock solid estate plan? If you are under 40 years old, the chances of you have thought about, or even pursuing estate planning is pretty small. However, something brought you here, and that means you are on your way to changing the way you look at planning…
Think Your Salary Can Bring You Safely to Retirement? Think Again!
In the sea of financial planning wisdom, there are too few messages about the importance of mindset. Gone are the days when simply saving money was enough to get you to retirement. With pensions practically a thing of the past, it takes more than just a big piggy bank to afford retirement. Saving strategies aside,…
What You Need to Know About a Healthcare Power of Attorney (HPOA)
One of the things that often confuse people setting up estate plans is the difference between the various powers of attorney. Often, people looking into estate planning ask questions like: Can we just wrap this all up into one? Why do I need all these when all I want to do is make sure my…
How and When Does a Durable Power of Attorney Go Into Effect?
There’s no doubt that a Durable Power of Attorney (DPOA) is an important part of your estate plan. Ideally, if it’s well crafted and updated, a DPOA will protect both you and your assets by enabling someone you have deep trust in, to take care of both your healthcare decisions and decisions concerning your estate….
What A New College Student Can Teach Us About Family Protection Planning
Your baby is now 18 years old and is on her way to college as a freshman this coming fall! That happened fast…In fact, it may have happened so fast that you didn’t realize that while they may be your baby still, they are full grown adults in the eyes of the law. In…
Estate Planning and Divorce: Incapacity, Death and Alimony Considerations
If you are considering a divorce, it’s critical to understand the impact of your divorce on what would happen in the event of your incapacity or death, either during the divorce or after. Unfortunately, most divorce lawyers do not give any thought to incapacity or death, simply because they do not have training on…
How Do I Appoint a Guardian For My Child If I Die?
Who Would Raise Your Children If Something Happened to You? Honestly, no one wants to think about this question. It’s an implicit reminder that we are indeed mortal, and, in some cases, we may leave this world before we are ready. Who will you leave your child with if you die? What are our…
Wills & Living Trusts – Which is Better?
Most people won’t be able to describe the difference between a Will and a Trust. Both are potentially beneficial planning devices and serve distinctly helpful purposes for an estate. And both Wills and Trusts are common approaches to end of life planning. So what is the difference? Which is better for you when thinking about…
Is a Military Will Enough Protection for my Family?
One of the benefits of serving in the United States Military is that you have access to free legal help for things like: Powers of Attorney, Wills & Living Wills, Family care & Family Estate Plan, Survivor benefits, Estate taxes, Probate. However, there are some very important limitations to these supports that you should be…