Avoiding a Family Feud When Choosing a Power of Attorney
Deciding who gets the power of attorney is an important step for parents looking to organize their estate and plan for a future without them.
How to Design an Estate Plan with a Blended Family?
No one marries with the intention of getting divorced, but about half of all marriages in the U.S. will end in divorce. Divorce and second marriages can complicate the process of estate planning and present a number of challenges.
Do I Need a Spendthrift Trust for a Relative?
Sometimes you have to hold the reins tight, especially when it comes to money. A spendthrift trust does exactly that.
Is Having a Will Really Such a Big Deal?
Your obligations to your family or loved ones do not stop, even if you have already passed on. If your family, especially your children, are still heavily dependent on you, you can still provide for them through proper estate planning, even if you are no longer present.
Planning for the Impact of Medicaid
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
You’ve Received an Inheritance. Now What?
Are you inheriting money from a relative? Or receiving funds from a lawsuit? Or planning to be a lucky lottery winner?
Estate Planning Can Solve Problems Before They Happen
The word ‘estate’ conjures images of great wealth, which may be one of the reasons why so many people don’t develop estate plans—after all, they’re not rich, so why make the effort? In reality, however, if you have a family, you can probably benefit from estate planning, whatever your asset level.
Leaving a Legacy Is Not Just about Money
Leaving a legacy — sounds like something only wealthy people can do, right? It can be something like making a giant bequest to a university or passing on a significant estate to your children.
What Do I Really Need to Know About Trusts?
It’s a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children.
Why is an Advance Directive so Important with Dementia?
When it comes to the prospect of dementia, advance directives are critical because the disease is progressive.