Choosing a Financial Power of Attorney
A financial power of attorney is one of the most important estate planning documents you can have. A successful power of attorney is created BEFORE an emergency occurs. Waiting “until” you need it often leads [...]
What Is a Contingent Beneficiary?
Creating an estate plan involves selecting people to receive your money, property, or other items if you pass away. When making a will, you’ll work with an estate planner to designate those who will inherit from [...]
7 Things to Know About Living Wills
Confusing many people with its name, a living will does not pass assets and property to your heirs like a standard will and testament. Instead, it advises your doctors and family about the type of [...]
Differences Between Nursing Home Care and Hospice Care
End-of-life decisions are never easy. One of the most important decisions you may make regarding health care as you age could be whether you need a nursing home or hospice care. To make the best [...]
Probate Process: A General Timeline
Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts [...]
What to Do With an Inherited IRA
Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren't careful. If you inherit an IRA, you should check with an attorney or financial advisor as soon [...]