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With a power of attorney, you can give someone else the legal ability to make decisions for you. For example, you are generally the only person who can make medical decisions, such as deciding what type of medical care you want or what type of treatment you will...
Estate plans can include several different powerful legal instruments. It can be very confusing to learn about the estate planning process, in part because there is so much jargon and so many different documents that people can integrate into their plans. Some of...
The simplest way to leave resources for specific parties is to name them as beneficiaries in a will. Many people establishing estate plans only draft wills. They can designate beneficiaries and specify what assets those beneficiaries should inherit. They can name a...
When someone passes away, the family they leave behind would often have to navigate the legalities of distributing their estate, all while dealing with grief. If you and your family are in this situation, one of the most crucial steps is determining whether your loved...
The number of adults choosing not to have children has steadily increased over recent years. In 2023, 47% of Americans under 50 don’t have children, nor do they intend to. Many childless adults may think there is no reason to create an estate plan. If they’re married,...
Estate planning is essential in ensuring your loved ones are provided for when you pass away, and someone will handle your financial affairs if you are incapacitated. It’s easy to make mistakes when creating your estate plan, especially if you’re unfamiliar with the...
Understanding the tools available for managing your estate is crucial when planning for the future. Two of the most common estate planning tools are wills and trusts. While both serve the purpose of distributing assets, they differ significantly in structure and...
Powers of attorney can fulfill several important estate planning roles. People can name someone they trust to run their business and pay their bills in an emergency. They can designate a medical agent in case they become incapacitated. They can even draft durable...
Estate planning is part intention and part practicality. People decide what kind of legacy they want to leave based on personal values and close relationships. They then draft legal documents that help them achieve those goals. Those hoping to leave a positive legacy...
When creating an estate plan, you consider assets and properties, determine how to distribute your belongings and address other related matters. But what about your children? While contemplating your passing is uncomfortable, it's necessary to plan for your children's...