There is a fine line between simplifying and misrepresenting financial concepts. Sometimes, the topic of finance can be somewhat complicated because it involves math or other complex terminology. When giving advice, people tend to oversimplify which can be somewhat misleading. However, with the development of new tools and software, many financial duties are becoming simpler than ever. The following three financial issues are vital, yet not nearly as complicated to handle as you might think. [Read more…]
Have an appropriate level of health insurance. If you are planning to retire prior to becoming eligible for Medicare, investigate what health insurance may be available to you to help with the rising cost of medical care.
When creating a power of attorney, be sure to choose an estate planning attorney who uses the highest quality, most complete documents so your decisions will be protected and things will go as smoothly as possible when the power of attorney is needed. [Read more…]
Warren Burger, the former Chief Justice of the United States Supreme Court, passed away in June of 1994, leaving behind him what some have called a “woefully inadequate” will that cost his estate thousands of extra dollars in probate court.
As we discussed earlier, there are two main types of property: real property and personal property. Personal property, all items that are not land or things fixed to land, can be further split into two categories: tangible and intangible. [Read more…]
The 16th president of the United States was arguably one of the greatest leaders in American history. However, when he died in April of 1865, Abraham Lincoln had no will and his estate became entangled in a court process that was made simple only because of his Presidential status. [Read more…]
The Physicians Orders for Life-Sustaining Treatment, or POLST, program is an approach to end-of-life planning based on communication between patients, family, and medical providers. The main goal of POLST is to combine the advice of physicians with the wishes of patients in a single form. This POLST form enables seriously ill patients to choose treatments they want and ensures that their wishes are honored.
Responsible estate planning is essential in assuring that your property is appropriately organized and distributed according to your wishes. When describing property in legal terms, there are two types: real property and personal property. Personal property can also be divided into two categories: tangible and intangible, but we will discuss those in a later blog. [Read more…]
The purpose of an Advanced Health Care Directives is to make it easier and more practical for you to state your medical care wishes in a legally binding format.
Which matters are covered by an AHCD? [Read more…]
I had originally written that the golden rule of estate planning was that you cannot take it with you. If that is true, then do you see a problem? [Read more…]