November 15, 2011 in Estate Planning, Featured, Financial Services, Money, Wills and Trusts
Why and How to Talk to Your Future Executor and Heirs about Your Estate Plan Perhaps you have already chosen an executor , a person who will be administering your estate when you pass. This is a great start to getting your affairs in order to ensure that your family and loved ones receive your ...
July 14, 2010 in Estate Planning, Wills and Trusts
Title to your home should be transferred into your living trust in order to “avoid probate”. Everyone’s heard this mantra, but let’s take a look at how title should be transferred and why. Say you don’t have a trust. Instead, all you have is a Will, and it states that when you die, all of ...
April 6, 2010 in Estate Planning, Wills and Trusts
A financial power of attorney is a valuable legal document that ensures that your financial matters will continue to be handled – should you become incapacitated and unable to do so yourself. However, placed into the wrong hands, these documents can become a license to steal. In your power of attorney, you’re called the “principal” ...
February 24, 2010 in Estate Planning, Wills and Trusts
Planning for the future basically involves a number of benefits. For one, it prepares you and your family for the inevitable. Aside from that, it allows you to formulate your decisions level-headedly. Then again, it is not unlikely for the task to become too emotionally charged at times, which makes it all the more fitting ...
November 2, 2009 in Wills and Trusts
A coherent patient basically has the right to make an autonomous decision regarding health care. He or she may decide to refuse or accept any form of medical treatment in the event of an illness or trauma. However, when coherence is absent, the duty is typically passed on to the patient’s immediate family or the ...
November 2, 2009 in Wills and Trusts
The concept of living wills may not be very clear to a number of people. Some may even equate it with the “last will and testament”, which is a totally different type of legal document. In point of fact, a living will is more analogous to a “power of attorney”. Its primary purpose is to ...
November 2, 2009 in Wills and Trusts
Making an advance directive should be viewed as more than just filling out the correct living will forms. The amount of time you spend mulling over the type of care you want – or do not want – and talking about your wishes with your family and friends is definitely more important than merely writing ...
November 2, 2009 in Wills and Trusts
Preparing living wills is not an idea that is readily welcomed by a lot of people. In fact, most folks would even dread facing this task. However, there is something that could somehow alleviate the unpleasantness in the whole situation. It usually comes in the form of a living will kit, which can provide guidance ...
November 2, 2009 in Wills and Trusts
A living will, in essence, outlines the type of medical care you wish to include or exclude in the event that you become too ill to actually make an autonomous and informed decision. The directives may consist of your desire not to be given cardiopulmonary resuscitation in case of a cardiac or respiratory arrest. You ...
November 2, 2009 in Wills and Trusts
The possibility of becoming terminally ill or debilitated is not something that is easy to ingest. A lot of people simply choose to brush it off as an improbable event. However, this risk shouldn’t be considered as a matter that is worth ignoring. You should be prepared in such circumstances as early as possible. One ...
