Only 44% of Americans have even a simple Will. We procrastinate for several reasons. Learn those reasons and how to push past them. Learn, briefly, why planning is important. Estate Planning is Too Important to Procrastinate … [Read more...]
6 Important Estate Planning Considerations – Part 1: Incapacity
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency. 6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...]
What’s the Difference Between a Guardianship and a Power of Attorney?
Incapacity is quite common among elder Americans. This may not be the most pleasant thing to contemplate, but it is a fact of life nonetheless. Who would act on your behalf in the event of your incapacitation? You can actually answer this question yourself. With this in mind, let's look at the difference between a guardianship and a power of attorney. Guardianship Proceedings If you do not take any steps in advance to prepare for the possibility of incapacity, interested parties could … [Read more...]
Durable Financial Power of Attorney in Hartford CT: What Are Its Advantages?
Estate planning is not exclusively confined to monetary matters. When you talk to an estate planning attorney about the realities that we all face, you will be reminded about the period of time that may precede your passing. Think about it logically. You are probably not going to be healthy one day, and dead the next. If you are fortunate enough to live a normal life span, you may well go through a period of incapacity before you pass away. This possibility is something to prepare for in … [Read more...]
What Is a Power of Attorney in Hartford Connecticut?
In the legal field there are binding documents that are utilized to accomplish various different aims. One of them is the power of attorney. These legal devices are used within the elder law and estate planning niche to account for the possibility of incapacity. Empowering a Representative When you execute a power of attorney you are the grantor or principal. As the grantor you name someone that you would like to empower to act as your representative in a legally binding manner. This … [Read more...]
