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January 2015 Archives

Consult with us about powers of attorney

One of the main reasons that many people put off long-term planning is that they do not like to think about going through a time--whether temporary or permanent--when they are no longer able to make their own decisions and live according to those decisions. There are likely many aspects of your life that you prefer to control instead of relinquishing that power to other. Some key areas include our personal lives, financial matters, and medical care.

Chief of Medicare system resigns

There are so many different aspects of long-term care planning that it is understandable that many people get confused or fail to engage in long term planning because they do not even know where to start. Medicare is one of the aspects of long term planning of which many people are aware, at least to some extent, although they may not understand how Medicare fits together with other elements of long-term care. Medicare itself is complex and is frequently in the news as developments occur and leadership changes.

The basics of a living trust

Although they are commonly overlooked, trusts constitute an important and valuable part of estate planning. Trusts can take a variety of different forms, but they all generally provide ways to protect an estate and ensure that the trust creator's wishes are carried out. In essence, a trust is a legal word or concept that describes a relationship between two people in which one person holds the legal title to property for the benefit of the other person. In many cases, there are three primary people who are involved with a trust: the settlor, trustor or grantor, the trustee and the beneficiary.

What is a statutory will and when can it be used?

One of the most important, and commonly understood, parts of estate planning is the creation of a will. However, despite many people's familiarity with the concept of a will, many people still do not understand some of the intricacies or complexity in the will creation process. First of all, there are different types of wills. While different types of wills can all be legally valid-if they are created correctly-each type of will may not be applicable or well-suited to every situation.

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