Presidential elections have great influence. New agendas are written. New proposals and laws are advanced. The country leans in different directions. This trickle down effect may have some impact in the estate planning field after November 2016. Of course, without a real crystal ball it is difficult to predict just what kind of new rules and regulations may come into…
Embed from Getty Images When drafting a Power of Attorney for Finances, clients often wonder if they should execute a “Durable” power of attorney or a “Springing” power of attorney. A durable power of attorney means that the ‘agent’ you select can immediately step into your shoes and gain access to your accounts and manage your financial affairs. This power…
John Lennon once wrote: “Life is what happens when you are busy making other plans.” This is a profound thought and it certainly applies to the areas of estate planning, unexpected death, a life-altering accident, unanticipated sickness, home care and assisted living. Regrettably, this lyric applies to Prince, the mega music star who recently died unexpectedly at the age of…
Many people want to support their favorite charities after death by including charitable donations in their estate plans. For many, however, this goal is at odds with the goal of making sure that family members are provided for. If you are in the process of drafting a will or trust and want to support one or more charities while also…