Living Will Basics Anyone 18 or older and of sound mind can make a living will. It must generally be witnessed by two adults who aren't responsible for your medical care or related to you by blood, marriage or adoption. A living will only...
Living Will Basics Anyone 18 or older and of sound mind can make a living will. It must generally be witnessed by two adults who aren't responsible for your medical care or related to you by blood, marriage or adoption. A living will only...
An "estate" consists of all of the items a person owns. These can include cars, bank accounts, retirement accounts, furniture, real estate, and life insurance. An "estate plan" is the method in which the estate is passed on to the...
Estate plans need to be updated periodically, especially by older adults. Frequently revising your estate plans is important as you age because your circumstances change ore frequently than at previous points in your life. While you and your estate...
Consider a Qualified Personal Residence Trust for Your Vacation Property Do you own a beach house, ski chalet, resort condo or other vacation getaway? Perhaps it's the place where cherished family...
Living Will Basics Anyone 18 or older and of sound mind can make a living will. It must generally be witnessed by two adults who aren't responsible for your medical care or related to you by blood, marriage or adoption. A living will only...
When mental incapacity arises, attention is often directed to the asset management problems, but equal and sometimes greater problems related to health care decisions are also presented. Perhaps too much attention had been placed on the ultimate...
For those of you who have a spouse that has recently passed, hopefully my experience will help you get through what to expect if you have a similar situation. My husband was disabled and had a handicap placard we used for him to park in a handicap...
HOW DO I PROTECT MY CHILDREN'S INHERITANCES? The best way to protect your children's inheritances is by setting up a Revocable Living Trust and having your children receive their inheritance within a sub-trust of your Revocable Trust....
Recently, my husband was hospitalized and then transferred to a nursing home for additional care. When I arrived at this new facility and asked if I could receive his current medication list so she asked me if I was his healthcare proxy. I indicated...
Here are seven critical documents necessary to cover the aspects of a well-devised estate plan. 1. Last Will & Testament The fundamental purpose of a will is to outline who will receive your assets upon your death. Another important purpose of a...