Monthly Archives: March 2017
Why You May Want to Choose Trusts Over Wills
Last Will Concept After you have consulted with an experienced estate planning attorney to determine whether or not the estate tax will influence your assets after you pass away, it is then important to move on to the process of planning for your beneficiaries after you pass away. There are several different avenues for… Read More »
How to Make Sure Your Power of Attorney Actually Works
A durable power of attorney is an important document for protecting yourself. However, from an institution’s point of view it is important to consider what they would look at in determining whether or not a durable power of attorney is actually valid. A power of attorney could be a rescinded one as a result… Read More »
What You Should Know About Qualified Terminal Interest Property Trusts
Flexibility is a critical component for anyone who is looking into the estate planning process. One of the most flexible tools to achieve this is a Q-tip trust, also referred to as a Qualified Terminal Interest Property Trust. As with all trusts, it’s important to set up a meeting with a lawyer first to… Read More »
Parents and Adult Children Need More Estate Planning Communication
Most people today would recognize the benefits of having an estate planning and at the bare minimum, a will. Others may even go one step further and have a trust in place. Unfortunately, however, parents and their adult children seem to be off when it comes to having conversations about these issues as well… Read More »
Caring for a Child with Addiction or Mental Illness After You Pass Away
Every parent has concerns about how they will pass on their assets to their loved ones in the future but there are many more complications when you have a child who is struggling with mental illness or with addiction issues. Many parents who find themselves in this situation may feel overwhelmed by the process… Read More »