Why Everyone Needs to Keep Their Estate Plan Updated
As the world and its laws continue to evolve, everyone needs to keep their estate plans up to date.
As the world and its laws continue to evolve, everyone needs to keep their estate plans up to date.
When considering a POA for your aging parents, there are several things to keep in mind. The most crucial factor is trust – you must choose someone you can rely on to make decisions in your parents’ best interests and follow their wishes.
If you have a current estate plan that leaves your assets to your children outright and unprotected by age 35, or maybe a little later, you’ve overlooked an incredibly valuable gift you can give your children; a gift that only you can give them.
Shopping for an estate plan based on getting the lowest cost plan possible is often the fastest path to leaving your family with an empty set of documents (maybe in a beautiful binder, but not worth the paper they are written on) that won’t work for your family when they need it.
Estate planning is more than just a one-and-done type of deal. Learn the consequences of not regularly updating your plan and how I can help.
Being asked by a loved one to serve as Trustee for their Trust upon their death can be quite an honor, but it’s also a significant responsibility—and the role is not for everyone. Indeed, serving as a Trustee entails a broad array of duties, and you are both ethically and legally required to execute those duties or face potential liability.
A healthcare directive (previously referred to as “living will”) is a legal document that tells your loved ones and doctors how you would want your medical care handled if you become incapacitated and cannot make such decisions yourself, particularly at the end of life.
If you have preferences about what happens to your digital footprint after your death, you need to take action. Otherwise, your online legacy will be determined for you—and not by you.
We are currently experiencing a technical issue with our contact form. Please call or email jennifer@spaldinglawoffice.com while we work out a fix.
Thank you!