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Posts tagged "Estate Planning"

Estate planning: Common mistakes and errors

People often assume that estate planning just means writing a will. That's a good place to start. The biggest mistake people make is not drafting a will or doing any planning whatsoever. But that doesn't mean that a will is all you need or that there aren't other mistakes you should guard against.

How children can talk to their parents about estate planning

For children, starting that estate planning conversation may feel intimidating or even impossible. You want to talk to your parents because you know they haven't done enough planning -- or any at all -- but you don't want them to be insulted. You don't want it to sound like you're just trying to find out what you're going to get when they pass away.

4 reasons you may need an advance directive

When you create an advance directive, you lay out your wishes for medical care in writing. These are decisions you would typically make in person, at the time they need to be made, but the advance directive gives you some insurance if you're unable to do that. You can address things like what lifesaving machines you want the doctors to use and whether or not you should be resuscitated.

4 advantages of a special needs trust

You have an heir with special needs, and you are trying to figure out your best course of action during your estate planning. You want to provide for that person and help him or her significantly after you pass away, but you do not accidentally want to do something with unintended consequences. What should you do?

A proxy directive versus an instruction directive

You may know what types of medical care you want, but what if you cannot tell the doctors? What if you have a stroke, for instance, and you are unconscious when you reach the hospital. How are doctors supposed to know if you want to use life support, if you want to be resuscitated and what other types of care they should provide?

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