Downs Law Firm, P.C.
Young adults need essential legal documents like a healthcare proxy and living will to ensure their wishes are respected and their interests protected.
Planning for incapacity might sound as fun as a rain-soaked beach party, but it’s as essential as remembering the lyrics to “Wouldn’t It Be Nice” at a Beach Boys concert. We Baby Boomers are older now…
Start by thinking of family and friends who share your values and have a loving bond with your children. They should be people you trust to raise your little ones with the care, wisdom, and courage of a legendary hero.
In the realm of estate planning, a common adage rings true: “Failing to plan is planning to fail.” As an experienced estate planning attorney, I’ve witnessed firsthand the turmoil and heartache that can ensue when individuals neglect the crucial step of…
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it’s an important aspect of good financial planning that shouldn’t be ignored.
Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.
At such an emotional time, more paperwork is probably the last thing you want on your to-do list. However, taking a few key steps is critical to your financial future.
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.
Take, for example, the sad and sordid tax case of Mary Ellen Cranmer Nice vs. United States of America, which would not have existed if an attentive financial advisor hadn’t noticed the large IRA distributions that were allegedly stolen right from under a matriarch’s nose.
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