Assigning power of attorney duties in an estate plan is a wise decision to ensure someone you trust has authority to make financial decisions on your behalf. However, circumstances change over time, and there may be reason to reassess your power of attorney appointments.
Many people are involved in collecting, whether it is comic books, dolls, figurines or sports memorabilia. Most of them make an effort to take care of their collections, maintaining the original packaging or even keeping the items in a climate-controlled area. Yet far too few collectors actually plan for how their collections will be handled once they die.
A pet can be one of the most important members of your family. As such, it is important to make the necessary preparations for your pet in the event of your death.
We often discuss the various options people have to keep details of their estate private when they pass away. One of the most common solutions is to have a trust set up and properly funded.
Whether you are a parent who just had your first child or someone focused on retiring, having an estate plan can be critical. However, too many people put off creating one because they are unsure of how to get started or overwhelmed by the process.
Recently, legendary singer Aretha Franklin passed away. And almost as quickly as news of her death spread, reports that she died without a will or trust spread as well.
When people think about an estate plan, they typically think about wills and trusts. However, there are numerous other elements of a comprehensive estate plan, including powers of attorney.
There are countless ways to connect and communicate with people today. We can send emails and texts, direct message someone on Facebook, send a letter through the mail or just pick up the phone and make a call.
When you're looking into guardianships in Florida, one thing you should know is that there are two different primary types: a voluntary guardianship as well as an involuntary guardianship. Voluntary guardianship is allowed for adults who are mentally competent but who may not be able to manage their own estates. These individuals can petition for the appointment of a guardian.
There is an old saying that you can't choose your family. In the context of estate planning, however, you can choose the family to whom you leave your assets. For some people, this might include choosing to leave someone out of a will so that he or she does not benefit from any gift or inheritance.