Poor estate planning could chip away at your legacy and reduce the amount of money that goes to your family. An important part of any estate plan focuses on reducing tax payments. Knowing the best strategies allows you to pass on your hard-earned money to your heirs....
Month: May 2021
Have you completed an advance directive for health care?
One of the most difficult yet important parts of estate planning may be preparing for a worst-case scenario in which you can no longer make medical choices on your own. Whether due to a sudden accident, progressive disease or the slow onset of age-related issues,...
The executor’s role in the probate process
When a loved one dies with a will, the estate goes through probate. This is the legal process of managing the estate and distributing assets. Although a judge supervises the process, the person who does the majority of the work is the executor. Overview of probate...
How does a power of attorney benefit seniors?
As you age, you have no guarantees on what the future holds. You cannot know whether or not you will always be able to make decisions for yourself. U.S. News explains how a power of attorney is a solution to the unpredictable future. The following questions can help...