You know, sooner or later, your day will come, and your heirs will be left trying to make sure that your final wishes are followed. As a result, you've had a will made and taken other preparations to make things easier.
There are times when you need to revoke the power of attorney you granted someone in the past.
In modern-day America, blended families are common. In fact, the U.S. Census Bureau reports that more than half of American families are the result of remarriages. There are a whopping 1,300 stepfamilies created each day in this country.
A medical power of attorney takes your healthcare decisions out of your own hands and gives them to someone else. You pick that person and name them in the document. Many people choose their adult children, for instance, or someone else they can trust to make decisions with their best interests in mind.
When you're contemplating end-of-life issues and your final wishes, it's important to watch out for some painfully common mistakes.
Once you set up a revocable living trust to hold your assets, you don't necessarily stop acquiring new assets. What happens if you die before some of those new assets have been added to the trust (or otherwise been assigned designated beneficiaries)?
Everybody struggles to find gifts during the holiday season that express their love for family and friends. While it might seem strange, an estate plan might be an absolutely wonderful gift for someone you love.
The Internal Revenue Service (IRS) has announced the 2019 limits for gift taxes and estates -- and it's a huge relief for many wealthy seniors who may have been worried about any large gifts they hoped to pass along to their heirs.
Are you worried that the wealth you intend to pass on to your heirs will cause those heirs to lose their focus and falter on the path to personal success?
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).