Posts Tagged ‘#estateplanning’
Four Important Legal Documents For Young Adults
Four important legal documents for young adults that help them transition from children to college students. Becoming an adult is exciting because you are faced with many new and challenging opportunities. Adulting, however, also means you now have autonomy, privacy and responsibility for your own personal and medical emergencies. Planning your future requires you to…
Read MoreSpecifying your wishes in Estate planning and what are your options
Written by Andrew Osterland adapted by AEPA Person going over the do’s and don’ts of estate planning. KEY POINTS: You don’t have to be older and rich to start estate planning. In fact, the earlier you start, the better. Estate planning “involves relatively simple documents, but I’ve seen some horror stories when people don’t address…
Read MoreGot Cryptocurrency or NFTs? They Need to Be in Your Estate Plan
by: Tracy Craig, Fellow, ACTEC, AEP®, Emily Parker Beekman original article written May 23, 2022 Handled incorrectly, these popular assets could go poof. You need a password-sharing plan, a plan for naming beneficiaries and possibly a trust. Cryptocurrencies and non-fungible tokens (NFTs) are becoming a bigger part of the investment world as more and more people buy these assets.…
Read MoreWhat is a Special Needs Trust?
By Elder Law Answers www.elderlawanswers.com Multiracial family with special needs child sitting outdoors together on summer day. Child is sitting in wheelchair. Americans are living longer than they did in years past, including those with disabilities. Planning by parents can make all the difference in the life of a child with a disability, as…
Read MoreWomen and Estate Planning
Estate Planning for Women, why it is so important Article adapted by Robert J Green, Esquire Estate planning is a very important tool for everyone, but it’s often neglected for women. As more and more women become independent and build their own wealth, the need for estate planning has quietly risen in turn. Here’s 3…
Read MoreAvoid confusion about health documents in estate planning
The advance directive may give the agent the power to make end-of-life decisions, or explicitly require the removal of life-prolonging devices. Advance directives commonly require two doctors to determine that the patient has a terminal condition, that death is imminent and that machines are only artificially prolonging the dying process. The document also usually…
Read MoreDigital estate planning – don’t let your passwords die with you
Adapted from the article by Susan Bonnici Apr 23, 2022 It’s a sign of the times! When planning your Will, don’t forget your digital assets, writes Susan Bonnici, Estate Planning Solicitor at Equity Trustees. You might not have a TikTok account, but most of us have accumulated a huge amount of digital information that’s stored either on…
Read MoreWhy Business Owners Need Estate Planning
By Jennifer Solak Updated Mar 30, 2022 Business owners wear many hats, and because of that, it’s easy to put estate planning behind other pressing business matters. In reality, however, considering what would happen to your business if you became incapacitated or pass away is a pressing responsibility for any business owner. It is likely…
Read MoreDoes Executor have to Be a Family Member?
What happens if you don’t have any family to be personal representative? Other than a family member, who can be personal representative?
Read MoreLegal-Ease: Nursing Home Planning: Beyond Just Giving the House to the Kids
By Lee R. Schroeder Often, people’s most valuable asset is their home. Many people mark the day that they pay off their home mortgage with a celebration similar to that of an anniversary or birthday. Therefore, protecting the home in the event of eventually needing long-term care (i.e. nursing home, assisted living or in-home care)…
Read More