Creating an estate plan for the first time is easier said than done. There’s a lot that goes into this process, so it’s critical to have a thorough understanding of what you’re up against. Familiarity with common first time estate planning mistakes will go a long way in helping you avoid trouble. While there’s no shortage of mistakes lurking, … [Read more...] about First Time Estate Planning Mistakes
A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. During the COVID-19 pandemic, it’s important to have them up-to-date. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic
There’s nothing worse than learning that someone you love has passed on. For example, as your parents age, this may be something you think about often. If you lose a loved one, it’s important that you give yourself all the time you need to grieve. It’s never a good idea to push yourself too hard during this time, as it can result in more harm … [Read more...] about Questions to Answer After Losing a Loved One
When you’re single and ready to create an estate plan, you don’t have to consult with anyone else. You can make every decision, never having to worry about the impact it could have on a spouse. Conversely, if you’re married, estate planning takes on a different form. Now, you need to consider what’s best for both you and your spouse, and that’s … [Read more...] about Estate Planning With Your Spouse: Ask These Questions
After you create an estate plan, you can sit back and take a deep breath. You now have something in place that answers questions such as: What will happen to your assets upon your death? Who will provide for you in the event of incapacity? Do you know where you want to receive long-term care? You get the point. An estate plan can … [Read more...] about How to Know if Your Estate Plan Requires Attention
Creating an estate plan for the first time has the potential to drive you crazy. You know it’s something you need to do, but you have so many unanswered questions that you’re unsure of where to start. Fortunately, once you get together a list of all your questions, it’s much easier to address them in a timely and accurate manner. Here are … [Read more...] about Common Questions Among First-Time Estate Planners
Once you and your spouse tie the knot, your life will change forever. And since it’s your hope that you remain united for the rest of your life, it’s important to create an estate plan with this in mind. If you created an estate plan before marrying, you’ll need to make some changes to ensure that it suits the both of you moving forward. Here’s … [Read more...] about Estate Planning After Marriage: What Should You Do?
The specialty of estate planning is in fact one aspect of elder law, so it is not surprising that it would be categorized out of hand as being something that younger people need not be concerned with. However, this is not entirely true. The minute someone else is depending on you in any way is the minute that estate planning becomes relevant to … [Read more...] about Young Adults & Estate Planning
In this era of coronavirus, planning is more important than ever. This article includes a brief story about a couple who didn’t plan and the family discord it enabled. Read on to learn more. Avoiding Family Chaos in the Coronavirus Age … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
Even though you understand the importance of creating an estate plan, it may be something you continually put off. While there’s no legal requirement to create an estate plan, neglecting to do so puts you, your family, and your finances at risk. And that’s not something that most people want to do. Here’s the good thing: once you know why … [Read more...] about Why are You Putting Off Estate Planning?