Have Some Will Power

Some personalities are just too strong to die. In life, they’ve made it their mission to have a reputation – the one who could make anyone laugh until they cried, the over-bearing mother who “always knew best” for her kids, or the sarcastic father who took nothing seriously, even his last Will and Testament. Willing [...]

Will Your Business Die With You?

As warm summer breezes slowly transform into cool Fall days, we begin dusting off the to-do list we started pre-June. For many, it’s weighted by our every-day business needs: preparing for tax season, annual reports, charitable holiday giving, and rearranging our work schedules to better align with our kids’ new school schedules. While I’m sure [...]

WHAT IS A HEALTHCARE POWER OF ATTORNEY/PATIENT ADVOCATE DESIGNATION?

As mentioned in a previous blog post titled “The DL on POAs,” a Power of Attorney (or “POA” for short) is a legal document that gives another person, who is often called an “agent,” the authority to act on your behalf should you become incapacitated and unable to care for your own affairs.  The two [...]

NATIONAL ESTATE PLANNING MONTH: CELEBRATE YOUR LEGACY

It seems like there is always some sort “national something-or-other” to celebrate. Last week recognized National IPA Day and National Girlfriends Day. Tomorrow is International Cat Day. Later this week is National S’mores Day. While we can’t celebrate every holiday, there are a few significant ones that should make us all stop and think – [...]

DO I OWN IT? (PROPERTY OWNERSHIP: PART II)

Picture It You’re so excited - you just purchased a terrific piece of real estate at a tax auction for dirt cheap. Your only thought is probably, “How was I fortunate enough to find such a hidden gem?” You won the bid and now own the piece of property. Case closed, right? Not so fast. [...]

GUARDIANSHIP: WHAT IS IT AND WHEN IS IT NEEDED?

It’s a sad reality that, at some point in all of our lifetimes, a situation may arise in which we are unable able to take care of ourselves or make our own medical decisions.  When this happens, we refer to the person as an incapacitated individual. If an incapacitated individual has a healthcare power of [...]

MY LOVED ONE DIED AND I AM NOMINATED PERSONAL REPRESENTATIVE. HELP!

 Losing a loved one is a tragedy that everyone will eventually face. It can be overwhelming to cope with a loss, not to mention the stress of learning and managing your responsibilities as Personal Representative (PR). But, there’s no need to fret - we are here to walk you through your responsibilities. First: Commit First, [...]

WHO IS A TRUSTEE

The common terms in estate planning can be confusing and overwhelming. Terms such as “grantor,” “trustee,” “settlor,” “successor trustee,” “executor,” “personal representative,” and many others are commonly used. So much legal vernacular is enough to make someone’s head spin, especially without any prior knowledge of estate planning. This post will focus on who a trustee [...]

DEBT AFTER DEATH

It is very difficult to live an entirely debt-free life. Purchasing big-ticket items is a way of life (think homes, cars, and luxurious vacations) not to mention the things we need to pay for every month, like utilities, insurance, taxes, and medical bills. We do our best to pay off all of our debts, but [...]

The DL on POAs

With numerous acronyms in the probate world, it is easy to get confused as to what legal professionals are referencing.  One of those troubling acronyms is POA, which stands for “power of attorney.” Power of Attorney is a legal document that gives another person, who is often called an “agent,” the authority to act on [...]