While wills and trusts both play an important part in how your assets are dispersed, however, these two documents are quite different. Some people aren’t sure if they should have a will or a trust, or perhaps both. Here are a few things to consider about these important estate planning tools. Wills A will is…
Having a financial power of attorney is a very important tool for adult children who are caring for aging parents. It helps to create peace-of-mind if assistance is need in managing financial affairs during an illness, for overseeing specific transactions, or for long-term assistance. Here are six things you should know about this legal designation.…
If you are a healthy adult and fully able to make medical decisions on your own behalf, you might find the idea of designating a health care power of attorney absurd. However, your current level of health, while comforting, may not be a good enough reason to shrug off this important documentation. Here are five…
A guardian or conservator is an individual who is legally responsible for a person (called a ward) who is unable to manage his or her own affairs. The guardian or conservator is appointed by a judge and is able to make a variety of important decisions on behalf of the ward. This individual is called on…