Far too many Americans overlook the potential benefits of estate planning because they believe it’s too difficult, not necessary for their specific situation or too expensive. But there can be major costs to ignoring components of your estate plan. Most people are familiar with the benefits afforded by a will, but a new study shows that up to 66% of Americans don’t have a healthcare directive.
A healthcare directive is a legal document in which you lay out your decisions for caregivers in the event that you suffer from dementia or another similar ailment.
It can also provide important guidance around whether or not you want life-sustaining care. Healthcare directives sometimes go under other names depending on your specific location, including medical directives, living wills, or durable health care powers of attorney.
December 16, 2019 |
Far too many Americans overlook the potential benefits of estate planning because they believe it’s too difficult, not necessary for their specific situation or too ...
Learn MoreDecember 11, 2019 |
Have you thought about using various estate planning strategies, such as a trust, to establish some level of control and clarity during your estate planning ...
Learn MoreDecember 10, 2019 |
If you own a company, you can’t afford to think just about the day to day. In fact, even planning ahead for your own company’s ...
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In the event that you become incapacitated, it will be important for anyone you have named as a power of attorney agent to be able ...
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The end of the year will quickly be here upon us. Many people have already started their holiday planning, but you can’t afford to neglect ...
Learn MoreDecember 3, 2019 |
There’s a good chance that if you’ve been active with philanthropy and charitable giving, that it’s been a part of your life for as long ...
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Most of your organization today is probably digitized. There’s a good chance you own a scanner and have taken every effort to store what you ...
Learn MoreNovember 26, 2019 |
As a corporate executive you have plenty of things on your plate and you probably don’t want to think about adding anymore, but there are ...
Learn MoreNovember 25, 2019 |
If you’re looking for a plan to save money, elder law planning on your own might seem like an appealing option, even though the advantage ...
Learn MoreNovember 21, 2019 |
The charges for home care are now rising faster than those associated with nursing home care, according to Genworth’s most recent cost of care survey. ...
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