Life is unpredictable and bad things happen. If you were to suddenly become incapacitated or hospitalized today, would your loved ones know where to find your important information or know how to handle your affairs? The solution for preparing for these unpredictable moments is the creation of a Just-In-Case list, also known as a letter of instruction. This list is created by you to help your loved ones navigate your personal records and financial information. This checklist will get you thinking about organizing your information to save your family an enormous amount of time and effort and take out any guessing about your wishes.
Plan for the future of your estate and assets. An estate planning attorney can guide you through the process of reducing or eliminating estate taxes and navigate you through the ramifications of the new tax law.
Have you ever wondered what will happen to your Twitter, Facebook, and Bitcoin accounts after your death? In an era dominated by technology advancements, proper estate planning for the modern day incorporates final digital asset wishes into Last Will and Testaments. Anticipating and arranging digital media assets prior to death will do more than give you peace of mind; it will simplify the process of managing your post-death estate for your family, and trustee.
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.