Love moves us to take care of our family members. We do what it takes to see that they have whatever they need physically, emotionally, and financially. Sometimes, circumstances are beyond our control when someone we love requires more than we can legally protect them from their circumstances. It may be a young person who does not have responsible parents or an adult suffering from an illness or advanced age. Read more.
An essential part of your estate planning is the creation of a Power of Attorney (POA). This is a powerful and helpful document that allows you to name a person, known as an agent, to manage your financial affairs when you are no longer able to do so or if you wish to have them help you at any time. We create DURABLE Powers of Attorney, which means these documents remain in effect even if you become incompetent. Read more.
Have you ever wondered what happens after you pass away? If you have signed a will, the person you chose at that time to be your Representative will pay your final bills and gather any assets you may have in your name only at the time of your death, such as bank accounts, real estate, vehicles, and other personal property. Some assets such as financial accounts, life insurance, annuities, and retirement accounts often have a named beneficiary or a POD designation (Payable On Death). If so, those assets pass directly to the designated person and do not come into your estate. Read more.
We never know what tomorrow brings, so do not postpone taking care of business now. There are three essential estate planning documents that every adult should have, wills, a power of attorney, and advanced healthcare directives. As the parent of young children, you must think about who would care for your children if you could not do so and who would manage the money left to them. Read more.