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If you find the prospect of developing your estate plan depressing, the thought of writing your own obituary may sound particularly morbid. However, this has become an increasingly common exercise for people of all ages. Therapists and writing teachers use it. It can...
A power of attorney is one of the most important estate planning tools you can set up. Basically, a power of attorney authorizes another person or entity to make financial and healthcare decisions on your behalf in the event of incapacitation. Sometimes, however, the...
Setting aside time and resources to create a will is one of the most important steps you can ever take. This is supposed to be the last word regarding how you would wish to have your property distributed when you die. But will contests are not uncommon. If you are...
When you set up a trust as part of your estate plan, you pick a trustee. This person is in charge of authorizing and distributing payments to the beneficiary. The beneficiary may have no ability to access the money on their own. These trusts can be designed with a...
If you make a will you will be well ahead of many people. Yet, if you make it badly will, your advantage won’t be so clear. Here are some typical mistakes that people make that jeopardize the chance of their assets being distributed in the way they wish: Duplicate...
An incentive trust is one that incentivizes the beneficiary to do a particular thing. They only receive the payout if they complete or achieve the thing or things you stipulate. A few examples might be they must graduate from law school, or they must get...
Did you know that most people don’t have an estate plan? Everyone is going to need one eventually. But it’s still true that roughly 2/3 of people have never made a plan and do not yet have one in place. One of the main reasons for this is simply that people are...
A will is the cornerstone of any estate plan. With a properly executed will, you can develop peace of mind knowing that upon your death, your hard-earned assets will pass down to the people and causes that are dear to you. But while a will is designed to articulate...
If you have a loved one with special needs, you may be worried about their future. How will they get by when you are no longer around? Who will manage their finances and provide for them? How will they maintain their eligibility for government benefits? A special...
Suppose you are severely incapacitated by an illness or a catastrophic injury and unable to communicate your medical wishes effectively. How long should you be kept on life support? Should doctors attempt a delicate surgery that may keep you alive but reduce your...
