Imagine that tomorrow you suddenly become severely ill or incapacitated. Who would take care of your finances? How would they do it? If you don’t have a durable power of attorney, others, including your spouse, may not be able to conduct all your financial affairs on your behalf.
The state will most likely be happy to do it for you after you die. If you do not have a will or an estate
Selecting appropriate guardians will ensure that your minor children are cared for, if you pass away.
Aretha Franklin’s handwritten wills might not pass muster in some states. However, a court in Michigan, where she died, is more likely to take them seriously, experts say.
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.
There are plenty of aging parents out there making life difficult for their adult children…
You may have a will or a full estate plan that was prepared by an attorney in another state, or perhaps you haven’t yet taken the important step of planning your estate.