What’s in a Will?

Thinking about creating a Will, but not sure what that really means? The structure of an Estate Plan will vary from person to person, but a comprehensive Will should include the following documents: 1. Last Will and Testament 2. Financial Power of Attorney 3. Healthcare Directives A Comprehensive Estate Plan Your Last Will and Testament is a legal document that …

Is Your Power of Attorney Dangerous?

The Dangers Of Power Of Attorneys Columbus Blue Jackets defenseman Jack Johnson granted power of attorney to his mother, Tina Johnson, giving her full control of his finances. Within a short period, Jack Johnson was forced to file for Chapter 11 bankruptcy and claims that his parents are responsible for helping to lead him “financially astray.” Look at this article …

LGBT Seniors: Aging Without Discrimination

Issues That Affect LGBT Seniors There are major health issues affecting LGBT seniors.  These can include discrimination from faculty, patients, and a lack of cultural sensitivity. These issues highlight the need for an approach to ensure that LGBT seniors can access the services they need to support healthy aging, including: Improved cultural capability in serving LGBT elders throughout the mainstream …

Estate Planning Mistakes

COMMON ESTATE PLANNING MISTAKES Document Errors in Your Will or Living Trust One of the most common mistakes is to not keep your will current. Mistakes can include heirs being left out or deceased parties being named as the executor. Your will or living trust should be regularly reviewed at least: On marriage, divorce or separation of anyone named in …

Avoid Probate in Arizona?

How Do I Avoid Probate in Arizona? Most people hear the word probate and get an immediate, likely negative, reaction. Many clients will come in specifically wanting to “avoid probate.”  Below are some probate basics to help you better understand what probate is, how it works and some basic steps you can take to avoid it. What is Probate? Probate …

Why should I create a life insurance trust?

Should the unthinkable happen and a loved one pass away without any advance planning, their family members could find themselves dealing with avoidable costs and expenses. Life Insurance held in an irrevocable trust can be one tool for helping your family avoid estate taxes and have sources of cash on hand to pay taxes or expenses. WHAT IS AN IRRECOVABLE LIFE INSURANCE TRUST (ILIT)? An …

Same Sex Estate Planning After DOMA

ESTATE PLANNING FOR SAME-SEX COUPLES The Supreme Court’s decision in Windsor signaled a new era for same-sex marriages legally performed under state law. The central ruling in Windsor held that the Defense of Marriage Act (DOMA) was unconstitutional by depriving same-sex couples of equal protection under the law. Importantly, Windsor did not address whether states are required to recognize same-sex marriages performed …

How To Handle Digital Assets?

As people continue to use the Internet for paying bills and social interaction, many people are starting to wonder what will happen to their digital assets when they die. Digital assets are an important part of estate planning these days and you want to name a reliable person to access your Internet accounts when you no longer can. The online …

Can I name minors as my beneficiaries?

One of the main concerns with naming a minor as a beneficiary is ensuring that any money is used for appropriate purposes, like health or education. Creating a well-designed plan will ensure the money is used in a responsible way. Trusted Adult The first step to naming minors as beneficiaries is to find an adult or person over the age …