Do Healthy People Need Living Wills?

A living will is not just for people who are in poor health. Healthy people also need living wills. The Washington Post recently featured an article on why it is crucial that both people in poor health and healthy people alike need to have a living will. If I’m Healthy, Why Do I Need a Living Will? A living will enables you to lay out what type of medical treatment you want to receive in case something happens to you and you are unable to make decisions for yourself at that time. For instance, if you want a ventilator or...

Should I Include End-of-Life Care in My Estate Plan?

End-of-life care is a much bigger deal than many of us realize, and should always be included in your estate plan. The recent passing of music legend Tom Petty serves as an example of how important it is to include end-of-life care in your estate plan. Why You Should Include End-of-Life Care in Your Estate Plan Per CNBC, after Tom Petty was found in cardiac arrest, he was rushed to the hospital for treatment. Eventually, his family had to decide whether to keep him on life support or not. They had him taken off life support, because Petty had included...

How Can I Create an Estate Plan That Protects My Assets From Creditors?

When you are crafting your estate plan, you are making a decision about what you want to leave behind for those you hold most dear. However, if your creditors have anything to say about it, your loved ones may never receive the assets you leave for them. Fortunately, there are steps you can take now to ensure that your estate plan is creditor-proof. Tips for Making a Creditor-Proof Estate Plan The American Association of Retired Persons (AARP) published an article on their website explaining what steps people can take to make their estate plan creditor-proof. Per the AARP report, here...

Trust Disputes: What Can a Beneficiary Do?

A trust is an entity created by a legal document. It is used to hold assets including cash, stocks, real estate, and other property. It’s formed by a Settlor who transfers part or all of his property into the trust. The trust holds the title to the property and the trust is managed by a trustee. The trustee is responsible for managing the trust for the beneficiaries. Trusts can be a very effective way to plan an estate without needing to worry about probate issues. When a trust is properly executed and properly managed, it can be a great vehicle...

1 8