As you do your estate planning, some of it seems fairly straightforward. If you have financial accounts, you can divide them between your children. If you have real estate, you can leave it to all of them or sell it and split the money up between them. But what about...
Month: June 2022
Importance of establishing an advanced health care directive
If you are like most people, thinking about what may happen if you are incapacitated or at the end of your life isn’t something you enjoy. However, as a responsible adult, it’s something you shouldn’t avoid. Part of end-of-life planning is establishing an advanced...
Having powers of attorney can help you in times of crisis
When making your estate plans, it is important to anticipate the uncertainties of life. A sudden illness or an accident can leave you incapacitated and unable to make decisions surrounding your finances or health care. In such a case, you need someone known as an...
Protecting yourself before you sell assets for the trust
If you are a trustee or the executor of an estate, selling property may be among the tasks you will have to complete. You have an obligation to the beneficiaries of the trust or the estate to maximize what they will receive after a loved one's death. Failing to...