Now is a good time to think about updating your plan. This includes your entire plan, including beneficiary designations. Beneficiary designations may control a large part of your assets and it’s important to be sure your plan is coordinated to consider these. by Steve Hartnett This is a bonus part of a series of articles on updating your plan. The first article examined the importance of updating your Powers of Attorney, both Financial and Medical. The second part of the series looked … [Read more...] about Updating Your Plan Part 3: Beneficiary Designations
Powers Of Attorney
Updating Your Plan Part 1: Powers of Attorney
As we begin a new year, it’s a good time to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. It’s important to consider whether you need to update either of these powers. by Steve Hartnett This is the first in a two-part series of articles on … [Read more...] about Updating Your Plan Part 1: Powers of Attorney
The Basics: “HIPAA” Powers
by Steve Hartnett This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance Directive. This is the third in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. The second article examined the Healthcare Power of Attorney and Advance Directive. This third article in … [Read more...] about The Basics: “HIPAA” Powers
The Basics: Financial Power of Attorney
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This is the first in a three-part series of articles on Powers of Attorney. This first article examines the Financial Power of Attorney. The second article will address the Healthcare Powers of Attorney. The third article in the series will focus on a “HIPAA” Power of Attorney. These … [Read more...] about The Basics: Financial Power of Attorney
Planning for the Sandwich Generation
by Steve Hartnett 0 Comments People are living longer and are having children later in life. Due to this combination of demographic factors, many more people are in the “Sandwich Generation.” Someone in the Sandwich Generation has elderly parents while they still have minor children. All too often, they are torn between their caregiving responsibilities for their children and for their parents. Here is an article regarding the Sandwich Generation which may be of interest. If you’re part of … [Read more...] about Planning for the Sandwich Generation
Planning for the Unexpected
This article examines the death of Charlotte Fox, one of the most famous mount climbers ever, who fell down her stairs at home. You never know what risks might be around the corner, so you should be prepared. The article looks at the elements of a basic plan. Planning for the Unexpected … [Read more...] about Planning for the Unexpected
Disinheriting Your Spouse
While most people plan to leave their estate to their spouse and children, there are instances when you might not want your spouse to inherit. This is common when couples are estranged but have not yet sought a formal divorce for example, and the parties wish to create individual estate plans that do not include the spouse as the primary beneficiary. But cutting your spouse out of your estate plan isn’t quite so easy. All states recognize the existence of marital property in one form or … [Read more...] about Disinheriting Your Spouse
