Harvey Cox When you think of preparing for emergencies, your mind may jump to stockpiling essentials or assembling emergency kits. However, there is an often overlooked aspect that could make a significant difference in times of crisis, which is creating an emergency financial file. This simple yet critical step can spare your loved ones from unnecessary confusion … Read more
When it comes to managing your affairs, you might have heard of a legal term called a springing power of attorney. This document “springs” into effect when you become incapacitated, empowering someone else to handle your financial matters. It combines the features of a durable power of attorney, which continues even if you become incapacitated, … Read more
Planning for long-term care is an important aspect of estate planning that can help you protect your assets and ensure proper care for you and your loved ones. Long-term care planning offers several important benefits for your estate plan. By understanding the advantages of long-term care planning, you can make informed decisions and take proactive … Read more
Choosing an executor for your will is an important estate planning decision that requires careful consideration. An executor, also known as a personal representative, plays a vital role in administering your estate and carrying out your final wishes. Here are five key issues to consider when selecting an executor to help you make an informed … Read more
According to a study conducted by Heath Affairs, of the almost 800,000 questioned people, only 1/3 of them had advance directives completed in their estate plan. Understanding advance directives and knowing when to write them is important for ensuring that your loves ones respect your medical wishes when you cannot communicate them. What do advance … Read more
When creating your estate plan, you want to ensure you cross all your t’s and dot your i’s. If you have a special-needs loved one, it is important to ensure they will continue to have financial security and necessary care after you pass away. Special-needs trusts are valuable tools that provide support and protection for … Read more
In this blog post, you will discover: The most effective ways to protect your assets from lawsuits The most effective ways to protect assets from stock market crashes The best ways to limit exposure or protect assets from taxes A negligence lawsuit, such as an auto accident or a slip and fall at a business, … Read more
In this article, you will discover: What is involved in succession planning of a business If a buy/sell agreement can be included in your estate plan Estate planning documents by themselves will not protect your business from lawsuits or debts. But, estate planning documents in combination with a proper business organization setup can protect you … Read more
In this article, you will discover: The possible dangers of drafting your own will or trust Yes, you can draft your own will or trust. I have reviewed many self-written wills and trusts during my career, and I have also reviewed wills and trusts created from online forms. I have personally never seen a self-written … Read more
In this article, you will discover: The purpose of trusts When you must have a trust A trust is a written document that specifies who you want to handle your estate at your death and who gets your assets at your death. It sounds like a will, but it functions very differently. 1. A trust … Read more