Have you ever consider using a power of attorney document in your estate plan? If you have ever wanted to protect yourself in the event of a disability or terminal illness, you should consider using this document. Whether you choose to create a financial power of attorney or a healthcare power of attorney, you may be doing yourself a great favor. Take a look at some of the information to learn more about the use of these documents. If you have any questions, or if you’d like to create a … [Read more...] about How Can a Power of Attorney Help Me?
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15 Ways Estate Planning Avoids Family Feuds
Good estate planning can go a long way in avoiding family feuds. Love, money, family heirlooms, grief, anger, disability, and death, when combined, pose disaster for the best of families. Here are 15 ways that you can use estate planning to avoid family feuds. Work with a qualified estate planning attorney. Disclose family dynamics to your estate planning attorney. Put your wishes in writing. Let your family know that you’ve done estate planning. Ask those you’d like to name as trusted … [Read more...] about 15 Ways Estate Planning Avoids Family Feuds
Rock Star Celebrities Who Died Without a Will
A will is an important estate planning document. Just like average people, many celebrities forget this important planning tool. Not having a will could mean that your assets aren’t given to the right people, your children aren’t properly protected, and you don’t have a say in who will handle your estate matters. Take a look at some of the celebrity examples below, to learn more about the importance of proper planning. If you’re ready to create your will, meet with an estate planning … [Read more...] about Rock Star Celebrities Who Died Without a Will
Why You Shouldn’t Leave Your Assets to Your Spouse
The “I love you” will is NOT a good way to leave assets to your spouse. An “I love you” will is as simple will that provides all assets to go directly to the spouse. If the spouse is not then living, the assets go to the children. Why you shouldn’t leave your assets to your spouse: Outright assets often never reach children. Children are often unintentionally disinherited by their parent and intentionally disinherited by a step-parent. Instead, pass the assets to your surviving spouse in … [Read more...] about Why You Shouldn’t Leave Your Assets to Your Spouse
Advance Health Care Directives: A Necessary Inclusion
When the topic of estate planning arises people generally think about preparing their assets to be transferred to their loved ones after they pass away. Indeed, this exercise is at the core of estate planning, but during current times there are other issues to consider as well. Medical science is capable of some amazing things as technologies advance, and doctors can now keep people alive using artificial means for extended periods of time when they are in an unresponsive and terminal condition. … [Read more...] about Advance Health Care Directives: A Necessary Inclusion
Elder Law Concern: High Cost Of Long Term Care
When you are planning for your retirement years while you are still working pleasant thoughts of free time, travel, and leisure invariably dance around in your head. Making sure you have the financial resources to take full advantage of this free time is a long-term goal that is a large part of what retirement planning is all about. But to prepare comprehensively and intelligently you have to understand all the possible expenses that you may be facing. There is a period of time that follows your … [Read more...] about Elder Law Concern: High Cost Of Long Term Care
Why Do Some People Avoid Probate?
The most common vehicle of asset transfer in the field of estate planning is the last will, but it is important to understand that you do have other options. Why would someone want to seek an alternative to a last will? Depending on the exact nature of your assets and the specificity of your wishes there could be a number of reasons. But for most people probate avoidance would be the motivation for seeking another way to transfer assets to your loved ones. So this brings up the question of why … [Read more...] about Why Do Some People Avoid Probate?
Social Security Survivorship Benefits in a Nutshell
If you’re like most people, you think of social security as retirement benefits. And, it is. However, the social security program has survivorship benefits as well. Surviving spouse The surviving spouse (or children who are eligible for benefits, if there is no surviving spouse) is entitled to a lump sum payment of $255. The social security administration provides benefits for a surviving spouse once she attains a certain age. The surviving spouse can receive 100% of the deceased spouse’s … [Read more...] about Social Security Survivorship Benefits in a Nutshell
Your Estate Planning Questions (part 3 of 3)
Estate planning can be confusing if you're just getting started with your own plan. With so many documents and terms, it can be difficult to understand all aspects of the process. We receive a lot of questions about the process. Take a look at some of the information below to learn more. If you have any questions, or if you'd like to discuss your planning needs, meet with an estate planning attorney. What happens if I don't plan? If you don't plan, you won't be prepared. It's important to … [Read more...] about Your Estate Planning Questions (part 3 of 3)
Welcome to the Blog of Kuhn & Kuhn Law Firm
New blog posts coming soon! … [Read more...] about Welcome to the Blog of Kuhn & Kuhn Law Firm
