LegalEasy Episode #10: What Happens to Your Debt When You Pass Away
End of life plans are something most people would rather not have to think about. Life, however, is unpredictable and having the peace of mind today that your loved ones will be taken care of tomorrow is too important to put off. It is especially important for couples with previous marriages to engage in the estate planning process as it can be more complicated.
If you have children getting ready for college, the transition can be stressful.
Linda S. Grear sits down with Diane Tiveron and discusses the importance of choosing a healthcare agent.
National Healthcare Decisions Day is Saturday, April 16, 2016. The theme for 2016 is “It Always Seems Too Early, Until It’s Too Late.”
Over 100 million American adults have not designated an agent to make medical decisions nor documented the type of medical care they desire. Although it is a difficult issue to address, it is important for all adults to consider who is best-suited to make medical decisions for them the event they become too ill to convey their wishes personally.
When you are taking steps toward establishing your estate plan and getting your documents in order to protect against future uncertainty, there are several items to consider. As part of your plan you will choose agents to act in your place for health care decisions (Health Care Proxy) and legal or financial decisions (Power of Attorney) which need to be made if you are alive but unable to make the decisions for yourself.
Effective estate planning may reduce estate taxes, which will benefit you and your family financially. In the face of ever-changing tax laws, there is growing concern about how to best protect assets and secure them for future generations.
Anticipating your potential estate tax liability is a great place to start planning. Estate taxes are due within nine months after the date of death. Therefore, advance planning is key to addressing tax liability.
I am often surprised at how few people including professionals and executives have met with an attorney and drafted Wills, Living Wills and Durable Powers of Attorneys in the event they or a family member get sick or have a terrible accident and cannot speak for themselves, or die.
A few weeks ago, I wrote a blog post about the importance of securing your digital assets in your estate plan. This week, I stumbled upon a new Facebook feature that will further help you preserve your digital assets.