Your Guide to Declaring a Guardian for Your Kids in Case You Die
Have you named a guardian for your kids in case you die? If you are a parent with minor children, one of the most important aspects of your estate plan will be your chosen guardian for your children. This decision is not one to make lightly, and you also need to ensure it is legally…
Can I Use a Will or Trust for My Disabled Child?
Can you use a will or trust for your disabled child? If you have a disabled child, it is only natural to be concerned about the child’s future needs. Fortunately, it is possible to use a will and/or trust to provide for your disabled child in the event of your death. The Importance of Estate…
Which is Better, Power of Attorney or Guardianship?
Which is better, power of attorney or guardianship? When you have a loved one who needs assistance making financial or medical decisions, you may find yourself wondering whether it is better to obtain a power of attorney or to seek a guardianship to help assist them with these matters. Which one will provide you with…
How Important is a Living Will in a COVID-19 Emergency?
How important is a living will in a COVID-19 emergency? The COVID-19 pandemic has completely changed the world as we know it. This virus has already claimed the lives of over 50,000 Americans, and unfortunately, it doesn’t look like the threat is going away any time soon. No one ever wants to think about what would…
Disinheriting a Child and Other Considerations of a Last Will and Testament
Are you considering disinheriting a child? Leaving your children out of your will is not a decision that is taken lightly. But sometimes there are considerations that make it the more prudent decision to leave them out of your will. If you decide to disinherit children, it is something you should do as soon as…
Revocable Trust or Irrevocable Trust: Which One Do You Need?
Do you need a revocable or irrevocable trust? No matter what happens throughout your life, you are going to leave behind assets for someone when you die. You should always leave behind a legal document to guide how to distribute those assets. Another thing you should do to protect your assets is to put your…
5 Common Mistakes When Writing a Will
There are five common mistakes when writing a will. Despite the importance of estate planning, a majority of Americans seem to neglect it. In fact, 60% of American adults do not have a will. Having more than enough to worry about already, many people do not want to add their mortality to their list of…
Not a DIY Job: Why You Need an Attorney to Write a Will
This is not a DIY job. Here’s why you need an attorney to write a will. About 60% of Americans do not have a will or a living trust. Granted, thinking and planning for the end of life is not something anyone would be enthusiastic about. So, while most people know they should, they wait until…
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…
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…