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…
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…
Having a will, which is a legally binding directive stating who will receive your assets upon your death, is an essential part of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and…
There may be a need to reconsider your plans for passing generational wealth to your heirs since the federal estate tax exemption allowance appears to be in danger of being reduced. Senate Democrats are proposing to lower the current estate…
Coronavirus pandemic forces individuals to take stock of their values and priorities, as well as their overall health. The little COVID-19 clinical information relating to treatment options and likely outcomes based on personal health history should lead all of us…
Inheritance distributions in blended families can be inequitable resulting in hurt feelings and possibly lengthy court battles. While you cannot legislate from the grave, you can carefully prepare your estate plan, distinctly accounting for biological and stepchildren to minimize the…
You may have seen a friend or loved one suffer for a long time with Alzheimer’s. In the final stages of this and other dementia diseases, there comes a time when the person can no longer speak, recognize loved ones,…