Do you have an obligation to pass your wealth on to your children?
Wills and inheritances are often tricky issues, simply because there are usually a lot of different dynamics in play. Everything can become even more complicated, however, when one of your children is disabled.
It won't be long before college freshmen will be returning home for winter break with one full semester under their belts. In all the excitement of getting your son or daughter ready for college, there are two very important things that you probably neglected to discuss: financial and medical powers of attorney (POA).
You may not realize that many individuals in nursing homes and long-term care facilities are susceptible to financial exploitation.
Probate courts oversee the administration of a deceased individual's estate as assets are passed on to that person's heirs -- but it isn't always a necessary process.