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).
A power of attorney document provides you with a sense of security in uncertain times by making it possible for someone to step into your shoes and carry out certain functions essential to your life when you aren't able to handle them yourself.
Most people think that if they have their will written, signed and tucked away someplace safe that they're done with estate planning.
You may already be very conscious of the fact that everyone -- regardless of their age or wealth -- should have an estate plan. Accidents can happen in a flash and make the unthinkable a reality, so it's always best to be prepared.
When artists, musicians and writers die, they often leave behind an impressive body of work, much of which may still be unavailable to the public. Time and again, their estates get drawn into lengthy battles as various heirs seek control over the creative content these artists left behind.
Lots of people are collectors. Whether great or small, collectibles enable people to express their passions and surround themselves with the things they find pleasing. A lot of those collections end up having a significant monetary value in addition to their aesthetic ones.
Colorado University has made quite an impression on some people. Now, those people are coming back to leave their own impression on the university in the form of a multi-million dollar estate gift.
Everybody seems to love estate sales.
There's nothing wrong with sharing your hopes, dreams and life with someone you love.