Protect Your Estate with Property Control Trusts

As you create your estate plan, you will likely form an idea of how you’d like your beneficiaries to use — or not use — their inheritances. For instance, perhaps you’d like your daughter to use part of her inheritance specifically for college, or maybe you’d like to safeguard against a beneficiary you’re worried would injudiciously spend their inheritance. [...]

By |2017-08-31T13:09:22-07:00February 17, 2017|

Keep Your Medical Power of Attorney Simple: Name One Child, Not All of Them, as Agent

A key element of thorough estate planning is deciding who will have your medical power of attorney in the event you are incapacitated and unable to make important medical decisions yourself. It’s not a pleasant topic to think about, but it’s absolutely crucial if you want your wishes to be honored in such a tragic situation. Obviously, choosing who [...]

By |2017-08-31T13:13:26-07:00September 13, 2016|

When to Review Your Estate Plan

Some years ago you took the time to work out a careful, well-constructed estate plan. You consulted with a lawyer, drew up a will or living trust, arranged life insurance and set up medical and financial powers of attorney in the event of your incapacitation. It was hard work, but it was necessary, and now you’re done with it forever, [...]

By |2016-12-27T11:06:19-07:00August 8, 2016|

Five Questions Your Estate Planning Lawyer Should Ask You

If you’ve looked into estate planning, you probably don’t need to be told that it’s complicated. Trying to navigate the bevvy of laws and tax provisions in place, not to mention your financial situation and family relationships, is not a simple task. It’s easy to miss things, to overlook certain issues — after all, there are so many. That’s [...]

By |2017-08-31T13:22:35-07:00August 3, 2016|

When Institutions Question Power of Attorney, Push Forward

As discussed in previous articles, a power of attorney is an essential and inexpensive legal document that provides a designated person (often called an “agent”) the right to act on another’s behalf when making financial decisions. It’s typically set up between adult children and their parents, aunts, uncles, siblings or others you would trust with important life decisions. Simply stated, [...]

By |2016-12-27T11:06:20-07:00July 15, 2016|

Survey: 72% of Americans Do Not Have an Up-to-Date Will

A new survey is highlighting just how few Americans have a basic estate plan, with findings that suggest 63 percent of Americans have not created a will, while 9 percent have an outdated will, which can be as ineffective as not having a will at all. The survey grouped its respondents by age, starting at 18, and found that, unsurprisingly, [...]

By |2017-03-22T13:24:18-07:00July 13, 2016|

3 Steps to Planning for Your Initial Estate Plan

A typical estate plan has a will, financial power of attorney, medical power of attorney, HIPAA authorization and living will. Your will is first and foremost the most important document you’ll create to make sure your estate and assets are distributed according to your wishes after you die. Even the most simple, supposedly straightforward wills include legal terms and technical [...]

By |2016-12-27T11:06:24-07:00May 31, 2016|