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Essential Estate Planning Updates to Make after You Get Divorced
Divorce holds considerable implications not only for your financial future, but also for the future of your loved ones and even your medical care. To that end, it is imperative that you revisit your estate plan as soon as you seek divorce or separation. Keep the following estate planning considerations in mind as you proceed with your divorce. Befor...
7 Key Estate Planning Steps to Follow When You Have Kids
As a new or soon-to-be parent, you begin to realize that there is very little you would not do to protect your beloved children. Babyproofing your home and finding the perfect car seat are important steps, of course, but have you created a contingency plan to ensure your child continues to receive amazing care once you are no longer around? Do you k...
How to Get Power of Attorney
Simple Tips to Getting Power of Attorney for You or Your Loved One When you grant someone power of attorney, you give them authority to handle some or all of your financial affairs on your behalf during your lifetime. A power of attorney can have a variety of uses, but it is most common in the estate planning context. Creating a power of attorney ca...
Estate Planning: When to Update Your Plan and Why
If you have an estate plan already in place, then you have started off on the right path. If you do not have one yet, it is time to get one drawn up so you can have a plan in place. However, once you have your estate plan made, it is not......
Power of Attorney: Drafting, Reviewing, and Revoking
Giving someone authority to act on your behalf through a power of attorney is a major decision. The person who grants that authority is known as the principal or maker; the person getting the authority is known as the attorney-in-fact or......
Components of an Estate Plan and How to Determine What You Need
An estate plan is something that everyone should have in place. Whether you only need one estate planning document or all of them will depend on your specific situation. While you may already have one component, such as a will, it may not be......
7 Reasons to Think about Estate Planning When Starting a New Business
Americans generally prefer not to think too much about what will happen to their assets and loved ones when they pass away. An estate planning survey by Harris Interactive revealed some surprising statistics about the number of adult Americans......
Beginner's Guide to Estate Planning
Death is a fact of life. Some of us die young while others live to a ripe old age. That’s one fact we simply can’t get around. Yet even while we know that someday the inevitable will happen, most of us aren’t prepared for it. Do you really want to leave your loved ones in a quandary about your estate? Wills, trusts, and estate plans aren’t just for...
4 Useful Tools for Estate Planning
The Value of Proper Estate Planning Many individuals do not consider proper estate planning as a viable option because they believe that their net worth is not high enough or they do not have sufficient property or assets to merit......
Respite Care and the Power of Attorney
The Responsibility of a Caregiver Becoming a caregiver for an elderly relative or parent is a huge responsibility that requires an investment of time and patience. Caregivers often find themselves in a situation where they must provide......