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Power of Attorney at Age 18
It might be hard to imagine but, when your child turns 18, overnight, they become an adult. Now your child is free to vote, marry, apply for a credit card, make medical and financial decisions, sign contracts, and live independently. No wonder the law calls this coming of age “emancipation.”…
A List of Bad Reasons to Put Off Estate Planning
My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen to you. You don’t want your children to…
Disinheriting Your Child Could be Costly
Although it’s more common to leave your estate equally distributed to your children, sometimes parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the others and the parent…
The Difference Between Elder Law and Estate Planning
Many people wonder what the difference between estate planning and elder law is. The short answer: Both share similar concerns. The longer answer? The differences make all the difference. The Concerns are Similar No matter what age we’re in, life can deliver some hard knocks. Hope for the best, but…
End of Life Planning to Convey Wishes
As lawyers, we prepare powers-of-attorney documents so that when our clients can no longer act for themselves, the documents will convey on other trusted people the authority to act on our clients’ behalf. But when it comes to actually using those documents at the time of a health-care crisis, clear…
Creating a Letter Of Instruction To Go With Your Estate Plan
It doesn’t matter whether you are starting from scratch or have an estate plan in place, a letter of instruction (LOI) is an important part of any comprehensive plan. A letter of instruction can help your loved ones manage important information about you. An LOI conveys your desires, includes practical…