What Happens When You Can’t Take It with You? As of 2020, up to 60% of Americans had not created a will. While it may seem like a hassle that can be put off for another day, tomorrow is never guaranteed, and the hassle of dying intestate (without a last testament) is far greater than investing in the peace of mind that a will brings. Without a will, everything and everyone that depends on you—real
No Time Like the Uncertain Present to Prepare for the Certain Future While it is always the time to get your affairs in order, since putting off these important decisions can lead to financial and emotional pain for your survivors, the ongoing COVID-19 pandemic has brought mortality to the forefront of many minds and has brought home the urgency of planning for one’s end-of-life care. In this article, we will review two legal tools available
If you don’t want important decisions to be left up to the state when you’re gone, you need a will. If the idea of creating a will feels like you’re tempting fate, think of it as a road map you’re leaving your family, so they don’t have to stress over making the right decisions on your behalf. First, you need to understand the differences between a living will and a last will and testament, usually
Creating a will not at the top of your to-do-list? Maybe it should be! Creating an estate plan is one way to ensure your family is taken care of, and your wishes are carried out in the future. Having a will isn’t just for the uber-rich or elderly. In fact, everyone should have a will regardless of your marital status, age, or the size of one’s estate. When writing out your will, many considerations need
No one likes to talk about death and dying. I get it, it’s a sucky topic. But last year when my dad died unexpectedly, there were so many things I wish I knew and I could have saved myself a lot of time and aggravation if he had been more prepared. Granted he did leave a Will and we had all of the appropriate estate documents that everyone should have. I’m a lawyer after all.
I get asked all the time what legal documents are needed by friends who have elderly parents and children recently over the age of 18. People understand generally the purpose of having a will but there seems to be a lot of confusion about exactly what other documents are needed. I thought I would go through the typical legal documents in addition to wills and their purpose. 1. Durable Power of Attorney (DPOA): The purpose
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