Co-agents: An Overview
It is hard for me to decide which of my two children will be my legal representative when I need help paying my bills and talking to doctors. Can't I just name them both? You can, but please don't. You…
Understanding the Probate Process, Whether You Have a Will or Not
The probate process, which occurs at probate court, is well known to most people and is something that happens after someone passes away. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take…
An Estate Settlement Guide
If you need to choose someone to be your estate's executor (representative) or you are the chosen representative and accept the responsibility, there are a few things to take into account - the complexity of the task and the order…
Medicaid: Five Years of Looking Back Without Penalties
Planning for long-term care is crucial since almost everyone will need it at some point in their lives. While we cannot predict the timing or level of care, we can take steps to prepare for an unexpected medical and financial…
Understanding Powers of Attorney
A Power of Attorney (POA) document should be part of your estate planning process. 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…
Do You Keep Accurate Financial Records?
You'll feel peace of mind today if you prepare and organize your financial documents in advance of your incapacity, and your loved ones will not have to worry about your affairs down the road. It will ensure proper management of…
The Retirement Plans and Longevity of Generation Xers
As Gen Xers enter their 40s and 50s, it's time they take the initiative in creating and executing their retirement plans. There are many things to consider, including finances, investments, insurance policies, legal documents, living arrangements, and healthcare. It is…
When is Probate Is Needed?
Even though probate sounds complex and expensive, it is a standard legal procedure that outlines how assets are transferred from deceased individuals to their chosen beneficiaries. Even though probate sounds complex and expensive, it is a standard legal procedure that…
Planning the Estate of a Surviving Spouse
It is difficult to think about anything beyond your grief after losing a spouse or long-time partner. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan.…
What to Do if You Inherit a Timeshare
In a resort where parents purchased a timeshare, a resort agent suggested they sign a deed transferring the share to their children in order for them to continue to enjoy the timeshare after their parents passed. It seemed like a…