The Huffington Post’s recent article entitled “The Biggest Mistakes People Make In Their Wills, According To Estate Lawyers” explains that your last will and testament is one of the most important legal documents you’ll ever have. A will lets you state where you want your property, minor children and debts to go after you die. It also allows you […]
What are the Biggest Estate Planning Mistakes? Read More »
As home prices increase, more beneficiaries are choosing to keep the home they inherit instead of selling it for cash. In some cases, this raises an issue: does a beneficiary of a home also receive the mortgage? Inheriting a home with a mortgage adds another layer of complexity to settling the estate, as explained in
Can You Inherit a House with a Mortgage? Read More »
If you became incapacitated and advance planning had been done, your family will have the legal documents you need. Just as importantly, they will know what your wishes are for incapacity and end-of-life care. If there was no planning, your loved ones will have to start with a lengthy application to the court to have
What Happens If You Become Incapacitated? Read More »
Some reasons to update your will are more obvious than others, like marriage, divorce, remarriage, births and deaths. However, those aren’t the only reasons your estate plan needs to be reviewed, explains a recent article appropriately titled “When it comes to a will or estate plan, don’t just set it and forget it” from CNBC. Think of your
Should You Update Your Estate Plan? Read More »
Understanding Pour-Over Wills: A Key Part of Your Estate Plan A pour-over will is a special type of will designed to work alongside a revocable living trust. It acts as a safety net, catching any assets that weren’t placed in the trust during your lifetime and “pouring” them into the trust after you pass away.
What Is a Pour-Over Will and How Does It Work? Read More »
Why You Need a Will: Avoiding Intestacy and Protecting Your Loved Ones A will gives you control over who manages your estate and who receives your property after you pass. Without a will, the state decides—and the results may not align with your wishes. What Happens If You Don’t Have a Will? If you die
What If You Don’t have a Will? Read More »
What Does It Really Mean to Be Someone’s Power of Attorney? If you’ve been asked to be someone’s Power of Attorney (POA), or you’re considering naming someone as yours, it’s important to understand exactly what that means—and what responsibilities come with it. What Is a Power of Attorney? A Power of Attorney is a legal
What Is a Power of Attorney? Read More »
Zobuz’s recent article entitled “4 Tips for Hiring a Lawyer to Help with Medicaid Planning” says you may need to turn to an attorney who can help you with Medicaid planning. Here are some factors in choosing the best elder law attorney: Referrals and Recommendations. Look for an elder law attorney in the National Elder Law Foundation or the National Academy of Elder Law Attorneys
How Do I Find a Great Elder Law Attorney? Read More »
There are countless reasons why people 50 and over fail to write a will, update a previous one, or make other estate planning decisions. Market Watch’s recent article entitled “We beat up 6 of your excuses for not writing a will (or updating an old one)” takes a closer look at those six reasons, and how to help overcome them. Excuse
Why Shouldn’t I Wait to Draft my Will? Read More »
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