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How to Complete a Living Will
What is an Advance Directive?
As you approach those final weeks or days or hours of your life, what are your wishes about aspects such as keeping you alive on machines or jump-starting your heart so it won't stop? Do you wish to have a respirator breath for you? Or do you want to be fed through a tube threaded down your throat to your stomach? Continued
Why Wait to Get Your Affairs in Order
We all know that we are going to die someday. Why is it that nearly everyone over the age of 60 never bothers getting their affairs in order so their loved ones are not burdened with it when they die or become incapable of doing it themselves.
Estate Planning for Beginners: Powers of Attorney
It is not uncommon for seniors to need help with the finer details of their finances as they age, or in rarer circumstances for someone who is injured or incapacitated to require an agent to make financial decisions for them. A Power Of Attorney is the document that gives your chosen agent permission to make choices on your behalf, as well as giving instructions as to how those choices should be made.
Here are some of the most important things you should know about your Power of Attorney: ">Continued
Important Things Your Family or Executor Will Need to Know
Does your family know if you have a Will, and if so, where it's located? How about account numbers and contact information of your lawyer and safety deposit box. Writing these things down now will make it so much easier for the person handling your affairs. ">Continued
What Does an Executor Do?
If you have been chosen to be the executor of someone's estate, you have been given a great compliment and an immense responsibility. You have been entrusted with the precious duty of seeing to it that what remains after someone passes is distributed exactly as that person wished. Testamentary Trust, and Totten Trust. ">Continued
How Often Should You Update Your Will
Your Will is something that you should review from time to time and make appropriate change as your life changes.
How to Avoid Probate
Probate is the court-supervised process of winding up a decedent’s personal and financial affairs. During probate, a Personal Representative is appointed and charged with collecting the decedent’s assets, paying their bills, and distributing their property to the proper heirs. Having your loved one’s property tied up in probate can be stressful, expensive, and often unnecessary, if you know how to avoid it.
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The Benefits of Pre-Paying Funeral Expenses
Some of the benefits to a Pre-Planned funeral are that decisions can be made prior to time of need, leaving families time and energy to focus on their emotional needs.
You can also make the decisions that eliminate the family wondering if the arrangements your family makes for yor funeral are ones that you would have really wanted. Not only does it prevents stress and confusion but prevents overspending, thereby protecting your family and your assets. If you choose a pre-planned funeral with an Irrevocable Trust it is exempted from SSI and Medicaid qualification. ">Continued
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