You should consider a power of attorney when planning for the possibility of becoming incapacitated and requiring a trusted agent to manage your affairs when you are incapacitated. These legal documents can grant broad authority to one or more power…
An advance health care directive, also called a living will, is a legal document indicating what actions you want medical professionals to take if you are unable to make your own decisions. A living will is crucial for all adults…
It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course correction. Bankrate’s Third-Quarter Economic Indicator poll projects inflation will be more significant than previous expectations over…
Digital assets have largely rendered traditional estate planning elements obsolete. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing complex challenges to secure,…
As your child turns 18 (in most states), it might be hard to envision that the little child you once relied on for everything is now an adult. Now your child is free to vote, marry, apply for a credit…
You might think that leaving your property to your heirs would be simple enough. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate…
Alzheimer's disease affects more than 5 million Americans, and there is no cure. Projections by the Alzheimer's Association (alz.org) are that by 2050 more than 14 million Americans will suffer from this disease. What can you do if you are…
What happens to a beneficiary's inheritance when they die? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is, only…
The federal estate tax exemption allowance appears to be under threat of being reduced, which may mean it is time to rethink your approach to passing wealth on to your heirs. Senate Democrats are proposing to lower the current estate…
How are special needs defined? The term special needs refer to those with learning difficulties, behavioral or emotional problems, or physical disabilities requiring specialized education. For example, individuals with autism, ADHD, Asperger syndrome, Down syndrome, dyscalculia, dyslexia, deafness, blindness, and…