Parents don't usually think about death, illness, or injury when they are young. As unlikely as such a serious event is, it is a possibility. This is why we pay for medical insurance, disability insurance, and life insurance. Even though…
Suppose you became seriously ill or injured and could no longer make your own healthcare decisions? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive, can outline your wishes…
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities…
We can find it difficult to talk about death because it is such a heavy topic. Planning for it can seem even harder. But end-of-life planning is an important part of estate planning and a gift to your loved ones.…
The rivalry between siblings. In most families, it's unavoidable. Depending on your particular family members and the dynamic between them, old rivalries from the past can become more significant when a parent passes. Adult children who are emotionally upset and…
With the Internet of Things (IoT), knowing which digital property you own and managing it has never been more important. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet to email family…
A parent who is aging may lose the ability to make informed and meaningful decisions about his or her future. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or other…
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…