Living wills are not used to distribute assets after death like last wills and testaments. Instead, it is a mechanism to communicate to your family and doctors how you want medical care conducted when you aren't able. Your living will…
In addition to working full-time, Sandy was caring for her 85-year-old mother on her own. Sandy would help her mom in the evenings and on weekends. Unfortunately, Sandy was in a serious car accident and would be out of work…
Living wills define medical preferences to be followed if you are unable to decide for yourself due to illness or injury. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia,…
Enabling the Disabled Families can carefully manage their money to meet disability rules while still providing perks to the disabled individual. And, though the rules can be strict, disabled people are still permitted autonomy to own some money for their…
A family vacation home is a favorite spot for many families to spend time together. Sharing time and creating memories is the hallmark of such properties, and often there is a desire to preserve the home's ownership within the family…
In terms of estate planning, contemplating financial matters and making long-term life decisions can be a difficult and emotional process. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive…
As part of your estate planning process, you should implement Power of Attorney (POA) documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal…
You can provide for your pet after you are gone or no longer are able to care for them by creating a pet trust, whether you have a horse, dog, cat, parrot, or even more exotic pets like a snake…
One of the most important estate planning documents you can possess is a durable power of attorney. It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. If you have…
A will protect your assets and leaves no doubt as to the wishes of your successors, so if you've already created one, congratulations are in order - you're already ahead of the game! In the United States, almost half of…