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Why Do I Need a Power of Attorney?

The power of attorney is one of the most important documents that you can create for yourself.  It gives someone you choose (“agent”) the power to manage your financial affairs if you become incapacitated or mentally impaired. It is a position of highest trust and choosing your agent should be a very thought-out decision.  It should be someone you that…

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A Quick Explanation of Special Needs Trusts

Were you aware that there are about 75 million people in the United States with disabilities? That’s about 25% of the population!  Did you know that 53% of disabled people are over the age of 50?  The U.S. Census Bureau has labeled disabled Americans the country’s largest minority population. Consider this story from a recent New York Times article: According to…

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Family History of Debilitating Disease? Is Your Estate Plan Up to Date?

  If you are over the age of 50, chances are that someone in your family or friend has been struck by a debilitating disease.  Some of the most debilitating diseases in the U.S. include rheumatoid arthritis, schizophrenia, muscular dystrophy, chronic obstructive pulmonary disease (COPD), cystic fibrosis, Parkinson’s, amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease, Alzheimer’s and…

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Estate Planning Lessons From the Dead

Celebrities are very influential in life. They can also be very prominent in death when their estate plans draw public scrutiny and criticism. Just because someone is rich and famous doesn’t mean they have executed the ‘perfect’ estate plan. More often than not, their estate plans are imperfect and wind up in prolonged litigation. Here are some lessons from recent…

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Should I Write My Own Will?

We live today in more of a ‘do-it-yourself’ world and that goes for legal topics as well. It started with an avalanche of self-help legal books. Then the law became much more ‘form driven’ whereby one plugs information into online forms and/or templates and prints them out for filing or files them online. Add to that the large number of…

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