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Question: I was recently divorced, but my estate plan names my former spouse in a few places. What should I do? Answer: Revise your estate plan! You should always think about updating your estate plan when a major life event happens. Divorce or legal separation from your spouse is one of these events. [...] The Street: “Adult children and their parents are normally hesitant to discuss money or financial affairs as these subjects can be awkward. Even though such conversations are difficult it is better to have them while both parties can meaningfully engage in the discussion. What do I mean by both parties can [...] There comes a point in every person’s life when it is time to sit back and take stock of what you have accomplished. This could be a beautiful family, a lovely home or a thriving business. Whatever the source of your pride, it makes sense to protect it, just like you would any other asset. [...] The Journal: “Far too many people think, “I don’t have an estate. I don’t need to do any estate planning.” But there are more aspects to estate planning than just signing a will. Medical, current financial and other decisions also play an important role. The differences between the similar [...] It’s hard to believe that someone would purposely starve a parent in order to collect the inheritance. I recently read an Estate of Denial article called Slowly Starving Her Mother to Get the Inheritance. Unfortunately, elder abuse cases are not uncommon throughout the country. Money is a powerful motivator and unfortunately, some people [...] Lowell Sun: Q: I am an elderly gentleman thinking about granting power of attorney to my son, so he can handle my financial affairs now and after my death. What issues should I consider? A: Among numerous considerations in granting someone power of attorney (or POA) over your assets, I will [...] Question: I made a Will, now what do I do with it? Where should I keep it and who should I tell about it? Answer: You may have the best drafted, most well thought out Last Will and Testament, but it will be useless if no one can find it. There is no [...] Question: I’ve heard the phrase Power of Attorney but I don’t know what it means. Do I need a Power of Attorney? Answer: a Power of Attorney is a legal document in which in a person (called a “principal”) delegates decision making authority to another person (called an “agent”). Powers of Attorney can [...] NJ.com: Today Your Legal Corner will address “Basic Estate Planning.” What will you do with this New Year given? Perhaps you want to lose 10 pounds, make plans for a spring garden, change jobs, travel to Europe or dedicate time to a coveted project. Just think of the possibilities this New [...] US News & World Report: Because you’ve worked hard to create a secure and comfortable lifestyle for your family, you’ll want to ensure that you have a sound financial plan that includes trust and estate planning. With some forethought, you may be able to minimize gift and estate taxes and preserve more of [...] Online Athens: I want to highlight some of the most common estate planning mistakes I think people routinely make (knowing that I can’t possibly cover them all in one column). You will notice that I’m not going to discuss the estate tax beyond saying that very few people are subject to it and [...] CBS Boston: We talked about dumb money moves last week and many listeners let me know that there is a whole lot more than the ones we talked about. Estate planning is not for just for the wealthy. If you have some assets you have accumulated such as your home or retirement accounts or if [...] Nevada Appeal: Clients often admit that they procrastinated before engaging me, largely because they didn’t know what estate planning entailed. Though the process involves some work, a law office that focuses on estate planning matters can walk you through it so that you develop a comfortable understanding of what you are getting and [...] Barrington Patch: Powers of Attorney are important components of most estate plans. Today’s column explains the purpose of two types of Powers of Attorney — the Power of Attorney for Property and the Power of Attorney for Health Care. Hello Lisa, My wife and I recently met with a lawyer to have our wills done. The [...] 24-7 Press Release: Thinking about life going on after your death and how your family will cope is never pleasant. But if you do not focus on your estate plan now, there is the possibility that your loved ones will be left with nothing, and may even have some unwanted bills after you [...] 24-7 Press Release: Estate planning is not only for the super-rich, or even just moderately wealthy individuals. Wills, medical directives and trusts accomplish many things. Whether you need to set up a guardianship for your children or obtain peace of mind for future health care decisions in the event you are incapacitated, estate [...] North Jersey.com: Two months ago a close family friend had a heart attack. Fortunately he came through it and is on the mend. But the experience — including concerns about who would make medical and financial decisions on his behalf, if needed — served as a reminder that he and we need [...] |
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