Many young adults don't realize that they need an estate plan to govern what happens if they can't make decisions for themselves or if they become incapacitated. Unfortunately, this oversight can have a negative impact on the people who are close to that young adult....
Month: June 2018
Every parent should make a will
Being a parent means responsibilities. Lots of responsibilities.Between feeding them, clothing them and guarding the power outlets, it's easy to feel overwhelmed.Due to the full-time nature of parenting, sometimes things go overlooked. One such detail that often gets...
Do you have a durable financial power of attorney?
There is a lot to think about when creating an estate plan, including what will happen to you and your finances in the event you become incapacitated.There are many ways to protect yourself, with the use of a durable financial power of attorney at the top of the...
How should you discuss estate planning with your parents?
There may come a point when you realize that your parents don't have the right type of estate plan in place. While you feel compelled to ask them about this, you also worry that you'll come across as greedy.Since you need to take action without harming your...
These 5 estate planning mistakes must be avoided
While most people realize that estate planning is a must, they don't want to put too much time and energy into the process. Instead, they hope to create an estate plan and move on with their life as quickly as possible.If you don't put the right amount of time into...
The educational trust option for grandchildren
College expenses are not what they used to be as they increase every year at state and public universities. How will your grandchildren pay for school? A part-time job, loans, grants and scholarships may fulfill some of the expenses. So might a traditional 529 savings...