Category: Power of Attorney / POA
When it comes to IRAs most couples name each other the beneficiary and the remaining spouse creates a spousal rollover. If the surviving spouse is incapacitated by an ailment such as dementia, complications can arise. What happens when end-of-life affairs are set up for a couple and one member later becomes incompetent? The potential problem […]
The financial abuse of the elderly is an unpleasant and unfair situation and the investment industry may be in the best position to recognize it. Proposed regulations and laws are being considered to strengthen the industry’s ability to report it. An investment company is in the unique position of often knowing a client’s investing position, […]
Downloading online legal forms brings a risk as well as being popular, easy and cheap. There is a boom today in the ease of downloading online legal forms with expenses as low as $100 or less for some key forms such as wills and powers of attorney but there are also some hidden dangers that […]
The appointments of a health care agent and a financial power of attorney can sometimes lead to conflict. Conflict can sometimes arise between a financial power of attorney with authority over a person’s financial affairs and a health care agent under a health care proxy with authority over a person’s medical affairs. While they are […]
Taxes and inheritance issues go together like Halloween and trick or treating. Tax planning is a critical part of estate planning, and families who wish to transfer assets from one generation to the next need to prepare for both aspects, as settling an estate can easily become quite complicated. Many estate plans include the use […]
With every state seeking additional revenue and every candidate seeking additional votes, estate taxes have become part of many politicians’ platforms. Most of us pay more attention to estate taxes on the federal level, but estate taxes on the state and federal level have changed a lot in recent years. Not everyone is clear on […]
Another celebrity situation that points to an important lesson: until a divorce is final, you are still married. For Lamar Odom and Khloe Kardashian, still being legally married in Nevada means that Khloe is legally permitted to make medical decisions for the former NBA player, who has an address in Henderson, Nevada. They signed off […]
If you are a member of a couple, whether you are married, living together or have some creative arrangement, if your lives and finances are intertwined, there are money and estate planning matters that should be dealt with sensibly and fairly. The biggest mistake most couples make is not planning and not discussing their financial […]
The expressions change from country to country, but the sentiment remains the same: passing family wealth from the first generation to the second generation is difficult, and extending it to the third generation is nearly impossible. Described as “clogs to clogs in three generations” by the British, “from shirtsleeves to shirtsleeves” from the Americans, and […]
The expressions change from country to country, but the sentiment remains the same: passing family wealth from the first generation to the second generation is difficult, and extending it to the third generation is nearly impossible. Described as “clogs to clogs in three generations” by the British, “from shirtsleeves to shirtsleeves” from the Americans, and […]
