A medical power of attorney is an estate planning document that designates someone as another person's agent when it comes to making medical decisions. That agent can make decisions that, legally speaking, work as if they came from the person themselves. It comes into...
Month: January 2020
Cancer affects what estate planning documents to draft
It's important for everyone to have an estate plan in place no matter how healthy or young that they are. Cancer and other illnesses don't discriminate after all. You can fall ill with a medical condition at any point in your life. If you've been diagnosed with cancer...
Why you shouldn’t rush to distribute assets after a testator dies
A testator's loved ones often come out of the woodworks en masse to stake claim to their loved ones' assets immediately following their death. You as the executor shouldn't give in though. It could be quite costly if you do.Some of the assets that you may not want to...
What are the tax implications of passing down a retirement plan?
One of perhaps the biggest guffaws that individuals make when planning their estates is not thinking of the tax implications that making certain decisions will have on their beneficiaries. Certain types of retirement investment plans require beneficiaries to take...