People should have a minimum of a valid will, a durable power of attorney and a healthcare power of attorney. These three documents can provide for your wishes, either upon becoming incapacitated or your passing.
The word ‘estate’ conjures images of great wealth, which may be one of the reasons why so many people don’t develop estate plans—after all, they’re not rich, so why make the effort? In reality, however, if you have a family, you can probably benefit from estate planning, whatever your asset level.
We talked about the various things you should think about and get in order, so that if ‘something happens’ your loved ones don’t have to do a frantic search for your important information.
Almost every day I hear someone mention the topic of caring for aging parents. It seems only yesterday that my friends and I were swapping colic-coping methods, survival techniques for the terrible twos and picky eater solutions.
Although we all like to make our own decisions, there may come a time when we no longer have that luxury.
There are plenty of aging parents out there making life difficult for their adult children…
So many questions come up at a time like this, questions that you usually don’t have answers to: Who holds the mortgage? Is there a car payment due? Is there a will? And where?
As it turns out, though, living wills and durable power of attorney for healthcare are two things that single people might especially want to give some thought to.
Estate administration in the digital age requires having a strategy to share passwords to your computer, email and online accounts. Without that, things quickly get complicated.
Many people do not create an estate plan or do not consider all of the ramifications of their actions. This may be because they never get around to doing it, or they don’t believe their estate is big enough to require a plan.
