How a Financial Power of Attorney Keeps Your Assets Protected If You Get Sick Everyone gets injured and ill during their lives. Everyone will eventually pass away, maybe even from an injury or illness. During these times of injury or illness, people can and do lose the ability to speak for themselves or become incapacitated…
Who to Trust to Manage your Finances If You Are Sick or Injured We are all vulnerable to accident, injury, sudden illness. If you fall ill from an unexpected catastrophic injury or illness that leaves you unable to care for those who depend on you or manage your financial affairs, who would you turn to…
What Responsibilities Should a Financial Power of Attorney Have? There may come a time when you need assistance regarding the financial matters in your life. It is better to make preparations for this time now, while you are still sharp and able to make decisions. This is the perfect time to consider finding someone you…
What Is A Limited, General, Springing And Durable Power of Attorney? Although many people have heard of the concept of a power of attorney, not as many are aware that there are many different types of powers of attorney (POA). Nor do they understand the difference between the POA’s. When we talk about a power…
How Often Should I Update My Will and Other Estate Papers? Some people set up their will and other estate documents and then pretty much forget about them until the time comes to put them into action. This “plan” is never a good idea. The younger you are when you first set up your estate…
Setting Up A Trust and Making Sure It Is Safe When You Are Estranged Betty and her daughter have had problems for years, and they no longer talk. Her daughter is prone to unpredictable behavior and has never been good at money management. Unfortunately for Betty, there are two grandchildren that she also doesn’t get…
Do You Love Your Family? Why Guardianship Matters Today! As mothers, we love our children — it is, perhaps, our defining quality. Everything we do is for and about them in the end. But in the back of our minds, we always labor with the uneasy knowledge that if something were to happen to us,…
Tips on Selecting Someone to Become Your Financial Power of Attorney Choosing who should hold the powers of attorney over vital areas of concern when making your estate plan is not a decision to be taken lightly. You need to know that the person you choose has the knowledge and maturity to handle the responsibility.…
Why You Should Create an Estate Plan Even If You Are Not Rich Many people believe that in order to need an estate plan, they should own a mansion on a massive plot of land, a multinational corporation, a fleet of yachts, and a handful of champion racehorses. This belief is far from the truth.…
It depends. It depends on your goals going into estate planning. The who, why and what. (Questions your attorney should be asking you before you plan…) In this instance: Who are you protecting? Your young kids. What are you protecting? Monies you want your children to use for education (college, graduate school, etc.) A trust protects the money you…