September 22, 2015 |
How Financial Power of Attorney Works
If you are concerned about being able to manage your finances as a result of incapacitation or another challenge in the future, you might be ...
Learn MoreHow Financial Power of Attorney Works
If you are concerned about being able to manage your finances as a result of incapacitation or another challenge in the future, you might be considering financial power of attorney. This is a simple and cost-effective way for someone else to step in to play this role if you become unable to do so. 
Without a financial power of attorney, your family members might have to request a court proceeding in order to obtain authority for the management of your finances. You can draft this document to go into effect as soon as it’s signed, or you can specify that it becomes active when a doctor determines your incapacity. This is what is known as a springing durable power of attorney. Discuss with your estate planning attorney whether this makes sense for you.
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Blog
September 21, 2015 |
How to Evaluate an Estate Planning Attorney
Setting up a meeting with an estate planning attorney is about more than a quick solution like the drafting of a will. Done properly, it ...
Learn MoreSeptember 18, 2015 |
A Key Tip for Passing an IRA On to Children
Many retired individuals have access to both a tax-deferred account and a tax-free IRA. As a result, common advice from financial advisors includes suggestions for ...
Learn MoreSeptember 17, 2015 |
Benefits of Going from Sole Proprietor to LLC
If you are currently running a business set up as a sole proprietor, perhaps this structure served you in the past but it might be ...
Learn MoreSeptember 16, 2015 |
Succession is a Critical Conversation for the Family Business
In the post-recession era, family businesses have become extremely important. Many disenfranchised workers took the opportunity to launch their own companies during this time, ...
Learn MoreSeptember 15, 2015 |
Are Concerns About Private Medicare Founded?
Several of the country’s biggest health insurance companies are planning to merge, but this is raising concerns about a serious lack of competition in the ...
Learn MoreSeptember 14, 2015 |
Do I Really Need an Estate Lawyer?
With so many services and websites promoting do-it-yourself options these days, it’s tempting to think that you can handle the majority of your estate planning ...
Learn MoreSeptember 11, 2015 |
Estate Planning Tips: Transfers to Make Today
It is expected that the IRS will shortly announce changes to the transfer of corporate shares, limited liability corporation interests, and limited partnership interests to ...
Learn MoreSeptember 10, 2015 |
Protecting Yourself From Lawsuits With Proper Planning
Although most people are aware of the litigious nature of society today, they often do not follow this up with the proper planning necessary ...
Learn MoreSeptember 9, 2015 |
What to Do With Sudden Wealth
Suddenly having assets that you didn’t anticipate can be difficult to manage even when you’re excited about the new prosperity. A sudden influx of wealth ...
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