Tag: Estate Planning

One of the reasons people delay estate planning is because they must face mortality. They will also have to answer who will be responsible for raising their children if something happens to them.

At the Family First Form, we found it to be a severe deficiency and have implemented changes to ensure parents have a way to protect their children. 

One of the biggest misconceptions about estate planning is that it is a single document. People may assume they meet with an attorney to draft a will or create a specific type of trust, which is the beginning and end of the matter. Your estate plan is a collection of documents, and when they are combined, they formulate your plan. 

If you are single, you may not think you need to plan your estate, but single people are in as much need of a plan as anyone else.

So, do young people (or those without much money) need to create a will?

Even if you've created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact on a family.

Parents usually want to leave their children equal shares of their estate, but equal isn’t always fair. If you plan...

When you have assets of value, you can direct where they go. The choice is yours. Estate planning enables you to document your wishes legally so that your chosen beneficiaries receive the assets you want them to have. 

Does your estate plan now need to be modified so the person with dementia will be eligible for Medicaid?

A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases.