Acting as an agent under a power of attorney is a big responsibility and it isn’t something everyone can take on. It is possible to resign or refuse the position.
...Category: Estate Planning
Having an estate plan is a great way to take care of your loved ones in the event of your death. But there’s more to estate planning than just a will and any related trusts. If you’ve been thinking about planning for your...
3 Reasons Why You Need a Durable Power of Attorney for Health Care
December 31, 2021
An estate plan can do more than simply provide for your heirs in the event of your death. When you create a comprehensive estate plan, you’re giving yourself the peace of mind that comes with knowing your estate is prepared...
Is an Estate Plan Better Than a Will?
November 30, 2021
Most people know what a Will is, but the concept of an estate plan is a little less well known. Do you need an estate plan rather than a Will? A Will is actually just one of the components of a comprehensive estate plan....
When a person is diagnosed with Alzheimer’s disease, the first thing they should consider is their options for long-term care. Unfortunately, the disease completely takes over a person’s mental faculties, resulting in...
When you’re considering plans for the next phase of life, you may hear terms like elder law and estate planning being used to describe the necessary steps one must take to ensure that both you and your loved ones are taken...
Since the Tax Cuts and Jobs Act was implemented, there is an even greater incentive for donors to consider whether their planned giving will have an immediate or future benefit. When structuring your charitable giving plan,...
The Pros and Cons of an Irrevocable Trust
April 16, 2021
If you’re thinking about creating a plan for how your estate should be handled, then you’re probably wondering whether you should create a will or a trust as part of your estate plan. While there are some definite...
Families with special needs children need to take extra care when making plans for their estate. When the parents of special needs children are no longer around to care for their son or daughter, their estates must play the...
Should I Create a Revocable or Irrevocable Trust?
January 29, 2021
If you’re hard at work planning for the future of your estate, you might be trying to decide between a will or a trust and could find yourself at a crossroads regarding whether your trust should be revocable or irrevocable....