As a precautionary measure, you should make provisions in case you become incapacitated and require someone to manage your affairs. These legal documents can grant broad authority to one or more power of attorney agents to transact business or make…
Most often, guardianship is associated with an adult caring for a minor child. However, you can employ the process to obtain legal rights over elderly or aging adults, usually, parents, who are losing their physical and mental health capacities. While the…
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…
The need for estate planning becomes more and more critical as we get older. Many people avoid estate planning because they do not want to think about the end of life, failing health, or disability. Others believe that an estate…
Imagining how we may perish is probably one of the hardest things we will ever have to think about. Yet, if we want our dying to be meaningful and merciful, it is imperative that we think about it while we…
Many Americans have been left confused and ill-prepared ever since the coronavirus pandemic started. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like COVID-19 might strike,…
Diminishing brain function due to the onset of dementia can lead to the accidental destruction of your financial well-being. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings accounts,…
Estate planning may sound like the domain of the very wealthy, however, in the eyes of the law, an estate is simply the aggregate of property an individual owns, and most everyone owns something. Property ownership includes individual as well…
It is essential that as your parents' age, you have conversations with them about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to…