A “Durable Power of Attorney” will stay in effect even after the principal is incapacitated. The durable power of attorney ends only after the principal dies.
Estate Planning
While you are in the process of planning your estate, you will hear certain terms spoken by your estate planning lawyer or see it referenced in legal documentation.
There isn’t anything that slows down probate more than a pending lawsuit. Probate makes sure that all of the loose ends are tied up in a deceased’s life.
A well-crafted Estate Plan includes power of attorney documents that name an agent that can make decisions for you when you are no longer able to.
It is easy to confuse the terms “estate tax” and “inheritance tax”. Most people do not know if these terms are synonyms or if they are actually different types of taxes.
The federal estate tax is a tax on property that passes from a deceased person’s estate to their heirs. This tax affects only the wealthiest families in America.
Elder abuse is on the rise. To protect yourself and your elderly loved ones become educated in the risks and the red flags. Speak to an attorney to set up a plan.
The probate court has special time limitations relating to the filing of claims or actions. Therefore, it is essential that you retain and attorney who understands the unique rules that govern contested claims in the probate court, as quickly as possible.
The goal of an asset protection plan is to protect an individual’s assets from future creditors. The most common type of creditor who poses financial risks comes from a lawsuit or inner-family dispute.
For each client, we walk through the complete estate planning process which begins by analyzing the client’s financial circumstances and goals.