Wives Need to Know About the Finances
In the last few decades, women have made tremendous strides in the workplace. However, most married women still leave financial matters to their husbands. That can be a problem in their elder years.
Women today can do almost anything in their professional lives. There are very few boundaries left that women have not been able to cross.
A few decades ago, that was not the case when husbands made the money and the important financial decisions for their families. However, despite the strides women have made professionally, in most families, it is still the husband who makes all the important...
An Occupational Living Will
A doctor who specializes in dementia has an idea for an advanced directive. It is designed to ensure that he does not continue working, when he is no longer able to do so, as effectively as he did when he was younger.
When we think about people who suffer from dementia, we think about people who have retired. We do not often think about the people who are still working but who have started suffering from cognitive decline. However, almost everybody has likely had an older colleague at some point, who seemed to slow down and make more mistakes in...
When a Family Member Passes Away
When a close family member passes away, there are certain steps that you should take, as soon as you possibly can.
Death can be overwhelming for the family of the deceased. On top of the grieving process itself, there are many other things which families have to deal with. There are obvious things that need to be done, such as planning a memorial and burial or cremation.
There are also legal issues with the estate that also need to be resolved and the sooner the better. Getting a handle on those legal things can be difficult.
Taking a few steps...
Your Pet's Belongings
People are planning more for their pet’s care after the owner passes away today. They are also planning more for the personal items they have purchased for their pets.
In the last few years, stories about wealthy people who have left large sums of money in their estate plans for the care of their pets have gone from rare curiosities to commonplace. Providing money for a pet’s care in an estate plan is not just for the wealthy anymore.
Planning for pets has become an important part of many estate plans. What is still somewhat rare, however, is making special...
Have Your Plans Changed?
There is a very simple way to know when you should make changes to your estate plan.
When you create an estate plan, the attorney who drafted it for you, will likely remind you to review the estate plan from time to time and make changes. This often prompts clients to ask exactly when they need to do that. The common answer is that you should review and make changes to your plan, whenever you have a significant change in life circumstances.
That is the legally appropriate answer. However, the answer also invites questions about what constitutes a significant change...