Posts Tagged ‘estate planning’
DIVORCE AND ESTATE PLANNING
HOW DOES DIVORCE AFFECT ESTATE PLANNING? Wills for both spouses are often drawn up sometime during the marriage–particularly if there are children involved. When divorce is contemplated, the selection of beneficiaries and executors will likely be revised to reflect the absence of your former spouse. Additionally, you will need to re-examine the gift and estate…
Read MoreKEY ESTATE PLANNING DOCUMENTS
There are five estate planning documents you may need, regardless of your age, health, or wealth: Durable power of attorney Advance medical directives Will Letter of instruction Living trust The last document, a living trust, isn’t always necessary, but it’s included here because it’s a vital component of many estate plans. DURABLE POWER OF ATTORNEY…
Read MoreDon’t Let Your Power Of Attorney Become Powerless
by Sarah Mouser, CFP®, CTS™, CES™ One of the cornerstones of a solid financial plan is properly configured estate planning documentation—especially your medical and financial powers of attorney (POA). POAs give you the ability to legally authorize an individual to handle your affairs and make healthcare decisions in the event you become incapacitated and are unable…
Read MoreEstate Planning is Not Just About Death and Taxes
by Steve Cassaday, CFP®, CFS The primary purpose of estate planning is not the avoidance of taxes at death. Making sure that heirs and executors don’t face unnecessary and expensive administrative burdens when you die is our primary goal when consulting with clients on estate issues. Many investors we meet fail to recognize the importance of…
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