5 Reasons 30-Year-Olds Need an Estate Plan

When we’re in our thirties, or even younger, we often don’t consider what it really means to have an estate. We think estate plans are about passing down vacation homes and divvying up inheritances, not the very real planning that protects loved ones and ourselves from unforeseen accidents, or the documents that help you start college funds for your [...]

By |2017-08-31T13:05:21-07:00April 19, 2017|

Who Should You Name to a General Power of Attorney?

Deciding who to name to a General Power of Attorney — a document that gives a person or organization the right to act on your behalf in relation to business and financial matters — can become complicated when there are a number of people from which to potentially choose, particularly when discussing children. As we’ve written about previously, however, you [...]

By |2016-12-27T11:06:18-07:00October 24, 2016|

What Is a QTIP Trust and When Does It Make Sense in Estate Planning?

For married couples in blended families, providing for a current spouse while also providing for children from a previous marriage is a big concern. A good way to address this in an estate plan is through a qualified terminable interest property (QTIP) trust. How QTIP Trusts Work QTIP trusts allow you to ensure that your second spouse will have continuing [...]

By |2016-12-27T11:06:18-07:00September 29, 2016|

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|