An estate plan is designed to ensure that your assets are distributed according to your wishes and to provide for your loved ones after you pass away. It requires organization and strategy and begins with five key legal documents that…
It is a good idea to designate a family member to keep an eye on elderly relatives. Make sure everyone knows who will be responsible for checking in with an elderly loved one each day. Also set up a process…
Power of attorney is an essential tool in planning for the possibility of becoming incapacitated and needing someone to manage your affairs on your behalf. These legal documents can grant broad authority to one or more power of attorney agents…
In terms of setting up wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data…
The documents you use for your estate planning should be checked occasionally, especially if there have been big life changes such as births, marriages, divorces, and relocations. Children grow up, marriages dissolve, property gets sold, and residences change. That’s why…
Family members or friends may ask you to act as their power of attorney. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and…
The concept of guardianship typically conjures up images of a minor child in the care of an adult relative or friend. However, you can employ the process to obtain legal rights over elderly or aging adults, usually, parents, who are…
It is fairly typical for young adults, especially professionals aged thirty or more, to believe that estate planning is too far down the road for them. Young adults in their twenties and thirties often think they don't own enough to…
Planning is essential for people of all ages, but as we get older, the need for planning becomes even more important. Many people avoid estate planning because they do not want to think about the end of life, failing health,…