Tag: power of attorney
Why it Is Important to Update Your Estate Plan Regularly
Posted on March 26, 2024
Whether you own complex assets or simply need to make sure your affairs are in order, an estate plan is crucial for your peace of mind. It is important to take steps to ensure that your assets will be distributed according to your wishes, and your estate plan can also make sure your property and finances will be managed correctly. However, creating an estate plan is not a one-time task—it requires regular updates to remain effective, especially for those with a high net worth. An experienced attorney can provide invaluable […]
How a Power of Attorney Can Protect Your Financial Privacy
Posted on January 29, 2024
Financial privacy is something that many people and families value. Everyone wants to protect their personal information, especially when it comes to their finances, but this can be especially important for people with a high net worth, including business owners, entrepreneurs, wealthy families, and people who are involved in legal disputes. One legal tool that can help safeguard your financial privacy is a power of attorney. A power of attorney will give another person the authority to handle certain issues and make certain decisions on your behalf. A power of […]
How to Protect Your Family’s Privacy in Your Estate Plan
Posted on December 28, 2023
When creating an estate plan, many people focus on ensuring that their assets are distributed according to their wishes and that their loved ones will be taken care of after they pass away. This is often the primary goal of estate planning, although there are several other considerations that may come into play. Another important aspect of estate planning is protecting your family’s privacy. In the digital age, where information is easily accessible and identity theft is a constant threat, it is crucial to take steps to safeguard your family’s […]
When Should Advance Directives Be Included in an Estate Plan?
Posted on December 20, 2023
Regardless of your age, it is important to have an estate plan in place to ensure that your financial and personal matters will be handled correctly in the future. However, while you may understand the importance of making decisions about the distribution of your assets to your beneficiaries through testamentary planning, you may not be aware of the importance of incapacity planning. Testamentary planning focuses on asset distribution after a person’s death, while incapacity planning addresses the possibility of being unable to make decisions due to illness or injury. Advance […]
What Does a Comprehensive Estate Plan Protect?
Posted on July 13, 2021
Most people have a vague idea of why it is important to have a last will and testament. However, few recognize just how wide-reaching a comprehensive estate plan can be. A comprehensive estate plan contains much more than a will. By utilizing a combination of different estate planning instruments, you can address not only inheritance concerns but also how medical and financial decisions should be made if you are incapacitated, who should care for minor children if you die, and other critical matters. Most importantly, an estate plan protects your […]
What You Should Know About the Power of Attorney for Health Care and Living Wills
Posted on November 25, 2020
It is easy to think that estate planning primarily addresses how to divide your property and provide for your loved ones in the event of your death. However, a significant portion of the estate planning process can be dedicated to ensuring that you are properly cared for while you are alive. As an experienced estate planning attorney, I am regularly asked about some of the various tools that can be used to specify a person’s wishes regarding medical care and health decisions. There are several options from which to choose, […]
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