On February 11, 2020, the World Health Organization (WHO) gave name to the disease-causing the 2019 novel coronavirus outbreak. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year...
Larry King’s Estate Plan Calls Attention to the Importance of Wills
Larry King’s holographic will serves as a reminder of the importance of periodically reviewing one’s estate plan, adapting to changed circumstances..
What is the Probate Process?
Probate is the legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors. After an asset-holder dies, the court will appoint a valid will's executor to...
Seven Bad Reasons to Put Off Estate Planning
1. My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen to you. You don’t want your children to become...
The COVID-19 Vaccine – What Guardians Need to Know
The COVID-19 pandemic has brought to the fore the importance of having healthcare power of attorney documents in place. What are the responsibilities of the guardians or healthcare representatives when it comes to decisions about the vaccine?
Do-It-Yourself Estate Plan Documents: Think Twice
We hear this question all the time: “Can’t I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?” It’s just not a good idea. For the plan to work as you would want it to, it...
Is Your Financial Information in Order?
Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today and relieve your loved ones' burden in the future. It will ensure proper management of your financial situation and afford control over your...
Your Personal Possessions: Memories Are Made of These
Suppose that your estate plan is all set. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently. Your plan will also protect your legacy from your children’s potential...
Estate Planning Gets a “Raise” in 2021
In 2021, the estate and gift tax exemption rises. Learn how current giving can benefit both donor and donee.
Will Your Heirs Contest Your Will?
When designing a first-time estate plan, many people overlook several common issues. Estate plans consist of a complex collection of important financial documents, prompting people to focus on inheritances, trusts and beneficiaries. Few parents consider that one of...
