There are a number of reasons why people decide to set up a guardianship, from the parents of a child with special needs who will soon become an adult to children and family members of older parents/loved ones. Setting up guardianship can be a difficult decision for some people and there may be a number of questions that need answering. If you are unsure of whether or not to move forward with a guardianship, you should carefully go over the ins and outs of your circumstances and your loved one's situation and make sure that this is the best way forward.
Motor vehicle collisions can bring various consequences into a victim’s life. From physical pain and injuries that derail their daily life to death and financial hardships over hospital bills, car accidents can be devastating. Moreover, a crash may have repercussions that upend lives in other ways or prompt victims to reevaluate other aspects of their life, such as affecting one’s estate plan. If you have been involved in a car crash, you may need to take a second look at your estate plan for various reasons.
In a recent post, we looked into considerations related to revoking a power of attorney. By making sure that you have identified the right person from the start, you may be able to avoid this situation. In this blog, we will go over a number of issues related to finding the right person to take on the responsibilities of serving as power of attorney and some of the characteristics you may want to look for.
You may not want to start thinking about what will happen to you and your loved ones when you are no longer around, but though it is hard to think about, it is necessary. If you do not already have a working will in place, you should begin thinking about creating one.
We have discussed some of the differences between wills and trusts on this blog and it is important for you to pinpoint the type of estate plan that will suit your needs most efficiently. Each type of estate plan offers a number of benefits for people in certain situations, whether they have a loved one with special needs or some other unique consideration. In this blog, we will take a closer look at living trusts and some of the advantages that come with avoiding the probate process.
In a recent blog post that we published, we discussed some of the different ways in which a power of attorney can be beneficial. There are many different reasons why people move forward with a power of attorney and it is important for you to do what is best from a financial standpoint. From providing peace of mind to support when it is desperately needed, this is an excellent option for many people. With that said, there are also times when someone may decide to revoke a power of attorney, in which case it is crucial to carefully go over the ins and outs of the process.