If you're doing your estate planning, you're probably considering how you want your future medical decisions to be made. Perhaps you've already had some sort of a medical emergency, such as a stroke, or maybe you're just thinking about what could happen in the future....
Estate Planning
Are joint bank accounts a viable estate planning solution?
There are numerous estate planning documents that can perform multiple important functions for those thinking about their eventual death and possible future medical incapacitation. Many individuals think mainly about their legacy and how to pass their belongings to...
3 ways to protect yourself when serving as a trustee
Trusts are often key instruments in people's estate plans. They may use a trust to pass money onto a child with special needs or a family member with a history of substance abuse. Trusts can help people qualify for Medicaid or reduce their estate tax liability. If you...
Do you need powers of attorney in your estate plan?
Everyone eventually dies, which is why a will or trust is an absolute necessity in your estate plan. However, not everyone experiences cognitive decline when they get older or a period of incapacitation at some point in their life. You never know if a head injury...
Why a trustee may need to use their own discretion
As you set up a trust, you're probably focused on all the things the trust can accomplish and the specific ways that you can dictate how the money is used. If you just wanted to leave the money to your heir, you could do that without a trust. By using one, you're...