If you are the adult child of elderly parents, you may be thinking about helping your parents with their long-term planning. Estate planning is not a topic just for the wealthy; everyone can benefit from advance planning about how to manage their assets after they pass away.
Divorce old estate plans
A divorce often requires changes in relationships and finances. Ending a marriage should also include estate planning changes so that the estate is managed in accordance with a person's wishes after they die.
Long-term care challenges for LGBTQ people
Long-term care should be addressed well before it is needed. While it may be a difficult issue for many families, long-term planning may present an additional obstacle to the LGBTQ community that needs addressed.
Financial powers of attorney have limits
Estate planning requires preparation for the time that a person cannot handle their financial and health matters. A financial power of attorney is essential and can even address matters after its maker's death. However, these powers of attorney often face hurdles.
