Should inheritance be spent on sports cars and jewelry?
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.
Disability can strike suddenly and is one of the reasons appointing an agent on your behalf to act when you cannot, is so important.
Nursing home expenses and even funeral bills might initially be ignored or delayed during a time when survivors are seriously concerned about final VISA or Mastercard bills.
Sometimes the persons involved either die simultaneously, i.e., too close in time to determine clearly who survived the other or die very close in time to each other.
Thanks to the Internet, everyone has the ability to draft wills, trusts and a variety of other legal documents. Many documents can be produced for less than $100, requiring only a few mouse clicks and filled-in blanks.
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.
As closely held business owners know, their financial plans, retirement plans and estate plans are inextricably linked to the value of the business.
Let’s face it, when it comes to storing important financial documents, a shoe box under your bed doesn’t really cut it.
The form of ownership is a key factor in structuring an estate plan. This is true primarily because the form of ownership governs the transferability of the interests.