
What Is the Purpose of an Estate Plan?
You can reduce stress and expenses for yourself and your family, if you develop an estate plan that includes these important documents.
You can reduce stress and expenses for yourself and your family, if you develop an estate plan that includes these important documents.
The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul.
With the threat of COVID-19, we’ve all come face-to-face with our mortality, but are you prepared for the worst?
Not every power of attorney will be sufficient to manage your affairs, if you become incapacitated.
The person signing the power of attorney, which gives someone else the authority to act for them, is called the ‘principal’ and the person who is given the power to act for you is called your ‘agent.’
Putting your last wishes on paper is critical to ensuring your family is taken care of when you die.
My Dad has been deemed unable to make his own decisions, and he does not have a Power of Attorney. The hospital said we need to apply for guardianship. What is that?
While the tasks of dealing with an estate after someone passes may be simple administration, the work associated with it is often quite complicated.
Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf, when you aren’t able to. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important instances when the power of attorney (POA) won’t be recognized and followed.
In addition to deciding who gets what when you die, you have key roles to fill that deserve thoughtful deliberation as part of the estate-planning process, experts say.
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