Discussing finances is never easy. However, addressing your aging parents' financials may become necessary at some point in time. It is much better to open this dialogue and start this conversation before you or your parents are in an emergent...
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Had a very satisfied client in the office recently who exulted over the fact that we had been able to draft a will, power of attorney and other documents in a simple, non-legalese way that he could understand; not be mystified by legal jargon, and...
The paper trail that follows us throughout our lives includes records that track births, deaths, marriages, divorces and adoptions -- among other life changing events. Personal records also document purchases, investments, assets and home...
Power of Attorney is a legal document that allow you to give some one of your choice the power to act on your behalf. With a power of attorney, the person that you appoint will be legally permitted to take care of certain matters for you in the event...
Why You Must Check Your Estate Plan Every Year Revisit for Your Welfare Certain things happen every year: holidays, birthdays, anniversaries…and estate plan reviews. That’s right! Checking your estate plan is worth turning into an...
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...
When loved ones pass away there's way too much to handle in a short time: notifying others despite feelings of intense grief; funeral arrangements; living without the departed individual; keeping or dispensing with their possessions; a potential...
A prepaid funeral plan is a strategy used to pay for the costs associated with a funeral ahead of your death, laying out all your wishes and preplanning your final arrangements. For many, it's peace of mind knowing that the burden of payment...
Many of these financial needs could be avoided by using insurance or health savings accounts and proper estate planning. However, many types of insurance do not cover some long-term care needs and some individuals may try to avoid...
Filing Federal Income Taxes for the Deceased Follow these tips to keep an already stressful time from becoming more stressful by Kimberly Lankford, AARP, February 16, 2021 Alamy Stock Photo When a loved one passes away, someone has to file...
