Tag: living will

Estate planning during a pandemic – documents to consider

Estate planning during a pandemic – documents to consider

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As we deal with the challenges of the current Covid-19 crisis it is important to look for ways to protect your family. Many things can happen during this time. You want to prepare for any scenario. Estate planning during a pandemic is helpful in case of any sudden illness or hospitalization.

A comprehensive estate plan covers many of life’s contingencies. A will is important but only comes into play at your death. There are other estate planning documents that help you during life events. For example, a sudden illness or medical emergency.

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10 estate planning resolutions to make this year

10 estate planning resolutions to make this year

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As you ring in the new year, consider some estate planning resolutions to protect and provide for loved ones. After all the surprises of the past year, estate planning is now more important than ever. However estate planning may seem burdensome and scary. What should you do? These 10 estate planning resolutions can help you start a comprehensive estate plan.

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What is a living will? An explanation of advance medical directives

What is a living will? An explanation of advance medical directives

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A living will or advance medical directive is a legal document in which you declare, in the event of a terminal or end-of-life condition, to withhold or withdraw life prolonging measures.

This is important to determine what measures you want (or don’t want) to artificially extend your life. While this is an unpleasant decision to think about, it is more distressing to your loved ones. They will be the ones faced with these decisions. Especially if there is a difference of opinion among them. Of course, your loved ones want to do the “right” thing. However, there is often disagreement about what the “right” course of action is.

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It’s National Estate Planning Awareness Week!

It’s National Estate Planning Awareness Week!

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Did you know October 19 – October 25th, 2020 is National Estate Planning Awareness Week?

Now you do!

Here are some fun facts:

  • National Estate Planning Awareness Week is celebrated in the 3rd week of October.

  • The National Association of Estate Planners & Councils (NAEPC) led the effort to educate people about the importance of estate planning.

  • It was passed by Congress in 2008.

And here are not so fun facts:

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How to choose an estate planning attorney

How to choose an estate planning attorney

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Finally, you want to get your estate plan together. Good for you! Taking steps now will help you and protect your family in the event of your incapacity and death. Once you start the process you will find out it is easier than doing paperwork for a mortgage. But now you have to find an attorney to help you.

But, how do you find the right one? What should you expect?

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For richer or poorer: Having a financial conversation with your spouse

For richer or poorer: Having a financial conversation with your spouse

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Having a financial conversation with your spouse may be harder than scheduling a date night. While it may be boring and uncomfortable going over finances and budgets, it is important for your family’s financial health. Talking about spending and saving gets you and your spouse on the same page working together towards your shared goals.

Many times, one spouse primarily pays the bills and manages the money. What happens if the spouse handling the money suddenly becomes incapacitated or dies? The spouse left behind has to figure out everything.

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Are you a member of the Sandwich Generation?

Are you a member of the Sandwich Generation?

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Are you a member of the Sandwich Generation? Do you care for your children but also help take care of your aging parents? Even if they do not live close by, do you have concerns about their care?

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