Several widely used estate planning devices may actually assist greedy heirs in helping themselves to your assets. A recent article warns of what these estate planning devices are.
The first device is a power of attorney for finances. This is a document that allows you to specify who you would like to make financial decisions for you should you become unable to make such decisions yourself. Depending on what your specific power of attorney document states, the person who holds your durable power of attorney may be able to write checks out of your bank account, buy and sell your securities, and collect your social security payments.
November 28, 2012 |
Several widely used estate planning devices may actually assist greedy heirs in helping themselves to your assets. A recent article warns of what these estate ...
Learn MoreNovember 21, 2012 |
Many times, the last thing entrepreneurs consider in the process of starting a new business venture is how they will handle the departure, on good ...
Learn MoreNovember 14, 2012 |
As reported in The Chicago Tribune, two men have been indicted in an estate-planning scheme that yielded $28 million from 120 investors. According to the ...
Learn MoreNovember 7, 2012 |
The premature death of six-time Grammy winner Whitney Houston should serve as a somber reminder that wills not only need to be created, but updated ...
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