In a general sense the role of your estate planning attorney is to assist you as you arrange your assets in preparation for distribution to your heirs after your death. But of course we don't work in a vacuum and we understand that there is an element to your legacy that transcends dollars and cents, financial instruments, and tax avoidance strategies. When you are taking stock of the things that you have to leave behind to your loved ones you can't help but take stock of your life as a whole. … [Read more...]
Minor Children & Estate Planning
One of the reasons why young people who don't have a lot of assets need to have an estate plan in place is to make sure that their children are provided for should both parents perish together in an accident. You may say that if they don't have any resources they will have nothing to pass along for the benefit of the children. This is true, and that's why it is important for people in this situation to carry enough life insurance coverage to provide for the long term needs of their … [Read more...]
What Is An Ethical Will?
When you are planning your estate you hear about a lot different legal instruments, but perhaps the most basic and well known among them is the will. This is of course the document that you draw up to elucidate your wishes with regard to the distribution of your assets after your death. There is also the living will, and this is an an advance health care directive. The living will is used to express your medical preferences in writing so that your wishes are known should you be unable to … [Read more...]
