Can I Create A Trust for my Husband as His Attorney-in-Fact?
A general durable power of attorney is an important estate planning and elder law planning tool. A power of attorney allows the attorney-in-fact, also referred to as the agent, to ...
Consider the Obligations and Burdens With Care before Accepting Appointment as Executor
Being designated by a friend or a loved one as the Executor of his or her estate is an honor, but with that designation comes many responsibilities and legal risks. ...
I’m Overwhelmed – I Need Help With My Banking Affairs!
For many seniors, taking care of their affairs, particularly paying bills, banking, and other financial matters, becomes more and more difficult as the years go by. When this happens, many ...
Testamentary Trusts – Controlling Your Assets After Your Gone!
Preparing your Last Will and Testament (the Will) is critical for helping insure that your wishes are respected after you’re gone. Married couples with children may have special concerns regarding ...
Step-Parents and Stepchildren – Keeping the Peace After You’re Gone
A family feud between Robin Williams’s widow and his children from prior marriages has received a lot of press. A major issue in this feud involves Mr. Williams’s tangible personal ...
My Husband Just Died And Debt Collectors Are Calling!
Susan went through a very hard time when her husband, Steven, died. Not only was she grieving the loss of her husband, but she had to deal with so many other ...
Congress Passes Tax-Favored Savings Accounts for Special Needs Individuals!
Alex, a 30-year old man with Down syndrome, has cause to celebrate today. As a Special Needs individual, Alex receives Medicaid and Supplemental Security Income (SSI). However, these federally funded ...
Inheriting an IRA – Rules for Averting Huge Taxes!
When his 75-year-old father died, forty-year-old John inherited his father’s $1 million traditional Individual Retirement Account (IRA). John wasn’t sure what to do with all that money. So, he contacted the ...
Your Father Died Without A Will. What Happens Next?
In our last post, we discussed problems that may arise if a person dies intestate (without leaving a Will). In this post, we discuss the process for administering and distributing ...
When There’s No Will, Problems May Arise
A critical part of estate planning involves preparing your Will. Doing so helps ensure that your estate will be distributed to your heirs according to your wishes. Unfortunately, many people ...