A Power of Attorney (POA) document is an essential part of your estate planning. 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 authority…
Your children, including minors and adults, may not agree about your family circumstances, including who should inherit your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your estate…
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…
Reviewing your estate planning documents on a regular basis help to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change.…
In order to legally lay out your life-sustaining medical preferences, you must have a living will. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are…
If a loved one may need Medicaid assistance in the near future, it is important for that person to abstain from giving gifts. While this can be especially hard for people who get joy out of generosity, gifts in this…