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This year, California enacted what’s known as a “next-of-kin” law. It allows hospitals and other medical facilities to designate a person (known as a surrogate) with whom they can discuss a patient’s condition if that patient can’t speak for themselves. That...
Attempting to save a little money and handle your estate planning on your own may seem like a good idea, but it is not a wise move. There’s much more to estate planning than DIY websites allow for, and you could make serious mistakes that will leave your family with a...
You likely treat your pet as if they were your child. You care for their needs, greet them every day and likely have spent many years watching them grow older. However, they’ve likely been watching you grow older, too, and may even outlive you. While it’s hard to...
Estate planning is a crucial aspect of financial management, and it involves making important decisions about how your assets will be managed and distributed in the event of your passing. Letters of intent are an often overlooked but valuable component of estate...
One of the most common anxieties of parents with minor or adult developmentally disabled children is the uncertainty of what will happen to them once the parents pass away. It’s not an enjoyable topic to contemplate, but unfortunately, it is necessary. The good news...
As your parents age, it becomes increasingly important to have open and honest conversations about their end-of-life plans. These discussions can be emotionally challenging, but they are essential for helping ensure that your aging parents’ wishes are respected and...
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...
