What Happens Financially when a Spouse Dies?
Losing a spouse is one of the most stressful events in life, so it’s one we tend not to talk about. However, planning for life after the passing of a spouse, unfortunately, needs to be done. According to a recent article from AARP Magazine, “The Financial Penalty of...Do Single People Need Estate Planning?
In evaluating whether single people need estate planning, look at what will happen if you pass away without a plan. Your assets will likely have to go through the probate process, which means they’ll be distributed by the court according to the state intestate...When Should I Update My Estate Plan?
An estate plan exists to accomplish three things. Preserving your accumulated wealth To specify who will inherit your assets after your death; and To indicate who will make health care and financial decisions on your behalf if you’re unable. Real Daily’s recent...How Do I Store Estate Planning Documents?
It’s a common series of events: an elderly parent is rushed to the hospital in the middle of the afternoon and once children are notified, the search for the Power of Attorney, Living Will and Health Care Power of Attorney begins. It’s easily avoided with planning and...Can I Make Decisions for Adult Child If She Becomes Incapacitated?
The Press-Enterprise’s recent article entitled “Legal documents for young adults” describes some of the important legal and estate planning documents your “kid” (who’s now an adult) should have. HIPAA Waiver. This form allows medical personnel to provide information...What are Benefits of Putting Money in a Trust?
For the average person, knowing how a revocable trust, irrevocable trust and testamentary trust work will help you start thinking of how a trust might help achieve your estate planning goals. A recent article from The Street, “3 Powerful Types of Trusts that Can Work...Oh no… I don’t think my DIY estate plan was done correct-ly!
People who choose to prepare their own estate plan (the DIY route) often wonder if they did it correctly. If you’re unsure about whether your plan will work when it’s ultimately needed, ask an experienced estate planning attorney to review the plan for...What if You Inherit a House with a Mortgage?
Inheriting a home with a mortgage adds another layer of complexity to settling the estate, as explained in a recent article from Investopedia titled “Inheriting a House With a Mortgage.” The lender needs to be notified right away of the owner’s passing and the estate...Is Bitcoin Part of an Estate?
Few bitcoin owners have seriously considered what will happen to their bitcoin when they die. A recent article titled “The Importance of Having an Estate Plan for Your Bitcoin” from Bitcoin Magazine, strongly urges owners to create a legally sound plan of action...LIVE WEBINAR: Getting Started with Estate Planning
If you’ve been thinking of getting your Estate Plan set up, but aren’t sure how, get your questions answered at our next live seminar!
Presented by attorney Pablo Tagre.
