A brand new baby brings a special kind of chaos to your home. In the midst of sleep deprivation, midnight feedings, and seemingly endless diaper changes, estate planning is likely the last thing on your mind. And yet, making an estate plan is a relatively simple task that can bring an immense sense of security to your growing family. Here are the basics: Guardianship Your first order of business is to choose a guardian for your baby. For most parents, this is the toughest step in the … [Read more...]
Beneficiary Designations
Beneficiary designations can be deceptively simple. You simply designate the person to whom you want the assets to go. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Read on to learn more. … [Read more...]
How Will Your Assets Pass Upon Your Death? Get to Know Your C.O.P.
Have you ever wondered what happens to a person’s assets when they pass away? Just about everyone knows about a Will, and the fact that it includes instructions on how to dispose of a decedent’s assets upon his or her death. But did you know there are other ways of transferring assets to your loved ones upon your death? You can easily remember three methods by recognizing the acronym C.O.P. – Contract, Operation of Law, and Probate. “C” - Contract The first method of … [Read more...]
An Estate Plan: Don’t Leave Home Without It
Your bags are packed, the reservations have been made, and the kids are looking forward to spending a week at grandma’s house…you and your spouse are ready for a summer getaway. But before you leave for the airport, ask yourself if there’s one plan you might have overlooked: your estate plan. Without proper estate planning, a vacation mishap could spell disaster for you and those you leave at home. Here’s what an effective estate plan can protect: Your Health and Well-Being What would … [Read more...]
Caring for Your Spouse….Even After You’re Gone
Your spouse has been there with you through thick and thin. They have been your rock, the foundation upon which you’ve built your life. Your spouse has probably been your friend, confidant, and true partner. If your spouse is ailing now, there are ways that you can protect them, even after you are gone. Let’s say your spouse has a slowly degenerative disease, like Alzheimer’s disease. Hopefully, their illness may be kept at bay. As long as you are there, you may intend to care for your … [Read more...]
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