A recent US News and World Report blog succinctly states What you Need to Know About Estate Planning. Taking excerpts from The Wall Street Journal Complete Estate Planning Guidebook, the author states: • ‘Everybody needs to think about estate planning’; • ‘The number one [estate planning] mistake is not doing anything at all’; • ‘[T]he… Read More
Posts Categorized In: Estate Planning
This is by far the most important piece of advice I can give you. Please take a minute to reflect and truly understand the level of stress and grief your family members will experience upon your passing. I can tell you through experience they will be overwhelmed.
A durable power of attorney is an important component of every comprehensive estate plan. It allows someone you appoint to act in your place for financial and other purposes if at some time in your life you become incapacitated. Without a durable power of attorney, your family will not be able to make financial decisions for you during periods of incapacity unless a court appoints a guardian or conservator. This can be an expensive and time-consuming process.