Estate planning decides who will be responsible for your estate in the event that you die or become incapacitated and can no longer make decisions for yourself. A comprehensive estate plan allows you to leave important instructions relating to theREAD MORE
The Durable Power of Attorney (DPOA) and a Health Surrogacy or Advanced Health Directive are used for situations where you can’t make decisions for yourself, explains Parent Your Parents recent article entitled “What You Should Know about Durable Powers ofREAD MORE
A frequent concern for those with aging loved ones is the future need for guardianship. Unfortunately, the concept of guardianship can be confusing and overwhelming.
A qualified terminable interest property (QTIP) trust allows an individual, called the grantor, to leave assets for a surviving spouse and determine how the trust’s assets are split up after the surviving spouse dies.
A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.
The following are penalties to avoid at all costs when contributing to or withdrawing from retirement accounts.
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.
Surely you planned something special for your partner for Valentine’s Day last week, but what about your children? They say there is nothing like a parent’s love for their children. So, why not give them a gift? Something that canREAD MORE
Flowers and chocolate make for a classic gift on Valentine’s Day. However, such a gift may become mundane after a while. Surely your partner would appreciate an additional gift. Perhaps, a gift that can be beneficial to you as well?READ MORE
Valentine’s Day is a day to celebrate love and companionship, two categories your pet surely falls under. Unfortunately, you can’t give your pet the classic rose and chocolate combo. For one, most pets cannot consume chocolate. Flowers can be poisonousREAD MORE