When you ask the typical person on the street about estate planning he or she may well tell you that the exercise is all about drawing up a last will to direct distribution of your assets after you pass away. Everyone is aware of the last will, and it is indeed the most commonly utilized vehicle of asset transfer in the field of estate planning. But there are other ways to transfer assets to your loved ones, and the last will is not always the best choice. And beyond this, there … [Read more...] about Living Wills Are Important Too
Advance Directives
Advance Directives Advised For Same Sex Couples
The fact is that most people don't pass away when they are in good health, right? So when you are planning your estate, you invariably find yourself rewinding a bit to the days, weeks, and months prior to the reading of your will. This leads to the question of how long you should expect to live. If you examine the statistics you will find that the group of Americans deemed the "oldest old," which is a term that refers to those who have reached the age of 85 and above, are the … [Read more...] about Advance Directives Advised For Same Sex Couples
Five Wishes & Estate Planning
We never know when our time on earth will come to an end due to illness or accident, and being prepared for such an event is obviously a good idea. For those who want to be prepared in an effort to take the burden off family members in stressful emotional times, or for those who are either aging or seriously ill, the Five Wishes advance directive is an excellent option. The Five Wishes document is a living will that allows you to communicate with your family and friends about the type … [Read more...] about Five Wishes & Estate Planning
Advanced Health Care Directives: A Brief Overview
When you decide to do some research into estate planning you will invariably see a number of legal instruments referred to that you may not be entirely familiar with. Advance health care directives can fall into this category for many people, so we would like to provide a brief overview to give you an idea of what these vehicles are intended to achieve and why they are important. The most commonly used advance health care directives are the living will and the durable medical power of … [Read more...] about Advanced Health Care Directives: A Brief Overview
