A total of 22% of today's population includes the baby boomer generation. Many of them are quickly reaching retirement age raising important questions about the value of estate planning. Estate planning is so much more than passing along possessions and assets to millennial children. It is also about protecting their lifestyles and taking a long-range [...]
An important part of owning a successful business isn't just documenting what you do now that makes you effective but also outlining a plan for what happens when you decide it's time to move on or are forced to move on for circumstances outside your control. Do you already have a successor lined up who [...]
Research shows that two out of every three Americans will need some form of assistance with activities of daily living. These activities of daily living are defined as dressing, bathing, walking, and toileting. These activities of daily living could be impeded for an extended period of time or for a short term. Long-term care is [...]
It might feel as though everything is up in the air with your financial planning situation lately. Since this has impacts on your day to day life and your overall financial picture, it’s important to think about how any changes you make now in light of the pandemic could influence your estate planning picture. Our [...]
When you appoint another person to make decisions for you that are legally binding, you need to use a power of attorney to establish this authority. The person you empower is referred to as an attorney-in-fact. There are many different kinds of powers that can be given to this person, and the most common ways [...]
Some people assume that unless your estate size is substantial, that you can skip out on enhanced protections provided by something, such as a trust. You might even assume that it's not necessary to hire an attorney to create a will for you. However, a knowledgeable lawyer will take the big picture look at all [...]
If you have done the necessary planning to ensure that your estate has been discussed with a knowledgeable estate planning lawyer, this is the first phase in protecting your desires and giving your loved ones an opportunity to receive the benefits you intended when you pass away. A common question either as a beneficiary to [...]
Benefits provided by Social Security are often one component of an overall estate plan that can also easily slip through the cracks. It is essential to have a financial power of attorney to ensure that there is another person to step in and take care of your finances if you become unable to do so [...]
Today, estate planning attorneys are being contacted at record numbers to get assistance in putting together power of attorney documents or wills in the midst of the pandemic. If you are in a situation in which you feel compelled to quickly pull together your estate plan, it's important to partner with a knowledgeable professional in [...]
Many older Americans have been thinking about the concept of long-term care insurance recently and with good reason. Chances are good that you'll become injured or sick at some point during your retirement and require extra support to pay for your medical bills. This is a service that can be especially valuable to long term [...]
