What Millennials Should Know About Social Security Disability
Accidents happen when you least expect them. One day, you are healthy and active, and the next you can be down and injured. Since accidents are unpredictable, social security disability is the protection you should learn more about. Every age group, if they are working, deserves to have a backup plan. As a younger generation,…
What Is a Durable Power of Attorney?
What is a durable power of attorney? A Power of Attorney designation gives someone the right to make decisions on your behalf in a number of different matters. A Durable Power of Attorney allows for that decision-making to continue, for the designated medical and financial issues that it covers after you become incapacitated or are mentally unable…
How Do I Go About Setting Up a Trust?
How do you go about setting up a trust? People often think a trust is set up only by rich people, but that is not the case. Many people set up trusts, and the reasons are varied. While some people set up revocable trusts to help with taxes, the majority of trusts are set up…
What Are the Duties of a Guardian?
A guardian is appointed by you or a judge to make sure your children are adequately cared for if you pass away or no longer can perform your duties. In essence, it is up to them to provide the child with the same necessities and privileges that they would expect to receive if you were…
Can My Spouse and I Have A Joint Will Or Do We Need Our Own?
It is a common scenario: A married couple decides to get their estate papers in order, and when they get to the will, they see no reason why they cannot write a joint will. After all, they have had all the kids they plan on having or do not plan on having kids. The couple…
What Is The Difference Between Each Power of Attorney
A power of attorney is a document that gives someone else the authority to take care of decisions or transactions that you would typically take care of yourself. These documents usually are meant to go into effect should the person who initiated them become incapacitated due to illness or incapacity; often due to age. Each…
Your Guide to Forming a Charitable Trust
If you love the idea of contributing to society through philanthropic donations, consider setting up a charitable trust. Not only will giving back make you feel great, but you can also snag some considerable estate and income tax benefits. The more money you give, the more you save. In fact, wealthy estates could save hundreds…
Estate Planning Advice for Starting Difficult Family Conversations
Do you have aging parents, or are you worried about what you may be leaving behind? Dreading having that hard conversation about estate planning? Nobody wants to think about the possibility of their loved ones passing away but preparing for these kinds of things in advance can provide everybody with some much-needed peace of…
Temporary Guardianship-Who Will Step in If You Can’t Be There?
Most parents have a plan in place for seeing that their children are cared for if they die. What is often overlooked is what will happen to their children should they become temporarily incapable of caring for them and only need someone to step in and take over parental duties for a short time. Short…
Who Will Help You Take Care of Your Estate If You Become Incapacitated?
Who will help you take care of your estate if you become incapacitated? You have provided for and protected your family for many years. However, when your children grow into adulthood, you will still have a legacy to protect. You will want to make sure that your estate remains a testament to your dedication and…