Risk of Neglecting Your Estate Plan The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. Life is unpredictable and certain events …
The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. Hospice care is a type of health care that patients with terminally …
DECEDENTS? The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. What are DECEDENTS? Often we in the legal world forget there …
Think of Your Health Care Needs in Advance The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. For most people, thinking …
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When the business is dependent on you as the owner, having an estate plan before you need one is a critical investment. If you are injured or suddenly pass away without an estate plan in place, your business may not be able to survive. After your death, your entire business and its assets may have …
In 2018, around 7.5 million second homes existed, which is about 5.5% of all homes. These homes are important because they hold cherished memories for you and your family. To make sure that these memories and your property are protected, it’s crucial to consider the following points about estate planning. Estate Planning for Vacation Property: …
The inheritance you leave could be eaten away by taxes or given to the wrong person(s). This week, I will try to provide tips to avoid this. Everyone should have the basic estate plan components. A life insurance policy, a Will, a designation of agent to control disposition of remains, a durable power of …
A question I am commonly asked is what role does the Executor of an estate play? I can’t stress the importance of choosing your executor. If someone close to you asked you to be the executor, you probably feel honored, but at the same time you may be quite unsure of your responsibilities. What do you …
An executor is the person responsible for performing a number of tasks necessary to transfer assets or wind down the decedent’s affairs. Generally, the executor’s responsibilities involve taking charge of the deceased person’s assets, notifying beneficiaries and creditors, paying the estate’s debts and distributing the property to the beneficiaries. The executor may also be a …
As you near retirement, your approach to estate planning is different from other stages of your life. When you no longer earn a salary and benefits from a job, how will you sustain your new lifestyle? You must be able to afford your needs while securing your family’s future during retirement. This is where smart …
