It seems like a great idea. Finding an easy way for your assets to be handed down to your beneficiaries is appealing. Transfer-on-death (TOD) and payable-on-death (POD) designations can do just that. However, you’ll need to know the advantages and disadvantages of using TODs and PODs before using them. Which One Do I Need –…
DetailsThe President Of The United States Is Often Considered One Of The Most Powerful People On Earth Maybe the stress of serving in the office caused some of the presidents to ignore things like writing an effective Will. But, as George Washington and Abraham Lincoln found out, even presidents need estate planning. George Washington –…
DetailsA state court system devotes time and energy into handling cases for its citizens. That includes probate cases. For example, Arizona’s probate system provides systems and forms for people to settle their estates. While the term “probate’ typically refers only to the administration of a Will, probate courts also handle other matters involving the settlement…
DetailsAt some point in your estate planning, you’ll need to choose who will serve as personal representative or agent. If you’re establishing a trust, of course, you’ll need a trustee. When it comes time to name names, will you know what qualities to look for in a trustee based on their responsibilities? Willingness to Commit…
DetailsThe names really say it all, at least on the surface. A “will-based” plan is, of course, based on a Will. And a “trust-based” plan revolves around a trust. No surprises there, right? But when it comes time to develop or update your estate plan, do you know which one is right for you? The…
DetailsLegal documents can be similar in name, but different in action or scope or time. For example, a power of attorney is a powerful legal document. It’s recommended that your comprehensive estate plan include a durable power of attorney and a health care power of attorney. When the time comes it’s important to know which…
DetailsCaregivers come in all shapes and sizes. They take on responsibility and provide much-needed assistance in so many ways. Whether picking up meds or helping with daily living activities or making sure that bills have been paid, many caregivers give it their all with a smile on their face. Remember, Caregivers Have Needs, Too The…
DetailsYou may not spend a lot of time thinking about Lifetime QTIP trusts. In fact, it’s very likely you’ve never heard of one. However, for the right person, this type of trust can be a very powerful tool that helps cement your legacy with your family. But, first, you need to know a little more…
DetailsImagine being confined to one or two rooms, with few visitors. Sound like a recipe for loneliness? It is. Yet, even though we realize the reality of life for shut-ins, we often overlook opportunities to brighten their lives. February 11th is National Shut-In Visitation Day. Can you take a few moments from your day to…
DetailsMore than one billion people have Facebook accounts. So, there’s a good chance you have an account. Like many other digital assets, Facebook accounts live on after we’re gone. But you can choose how you want your accounts to be managed after your death. For example, Facebook offers a convenient option for the management of…
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