Downs Law Firm, P.C.
This legal document can also be beneficial in many situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
40 million U-S adults take care of a loved one who is elderly or disabled.
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
We see recurring confusion about how and when to use the authority over money in a Durable Power of Attorney (DPOA) for aging parents.
Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.
As we age, our health risks increase. After all, none of us is going to live forever.
The Wealth Advisor’s recent article entitled “Beware of These Common Estate Planning Scams” advises you to avoid these common estate planning scams. Cold Calls Offering to Prepare Estate Plans. Scammers call and email purporting to be long lost relatives who’ve had their wallets stolen and are stranded in a foreign country. Seniors fall prey to…
If you don’t have a spouse and children, you might not think you need to do any estate planning—but that’s not the case.
Trusts give parents of special-needs children additional options for extending care and financial assistance. However, you might need some expert help.
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