Posts Tagged ‘estate planning’
Divorce Mistakes That Can Derail Your Retirement Plans
Unfortunately many people make major mistakes regarding their retirement long before a divorce. The biggest mistake for the economically dependent spouse is to fail to have retirement savings in their own name. During a marriage many people are trusting and make the decision to put all retirement saving in one spouse’s name, usually the spouse…
Read MoreNot a Limitless Power: POA in Real Estate Transactions
Power of Attorney documents are a well-known component of estate planning, usually associated with assigning decision making roles for end of life planning and instances when someone is otherwise incapable of caring for themselves. However, the power granted in a power of attorney is not limitless.
Read MoreFilial Support Laws: Picking Up the Tab for Mom and Dad
America is facing a long-term care crisis. Statistics show that the amount of time elderly people are spending in nursing homes increases each year. This is a result of both the baby boomer generation, as well as advances in modern medicine. Without proper estate planning, children may be the ones left picking up the tab…
Read MoreSpringing out Powers
Maryland seniors may want to think about updating their estate plan before retiring in the Sunshine State, due to Florida’s Power of Attorney Act. Recent estate law changes in Florida may prevent power of attorney documents from “springing” into action.
Read MoreDigital Estate Planning Part 3: Passwords and Instructions
At the root of many of digital estate planning issues is the question of passwords. Almost all digital assets, computers, and online accounts are password protected. Passwords are a moving target because they may frequently change.
Read MoreDigital Estate Planning Part 2: Taking Inventory
The first part of any estate plan is to take inventory. Things like filing cabinets, photo albums, boxes of memorable nick-nacks, and safes make most of our tangible estate easy to find. Even when filing cabinets and safes are locked there is usually a key somewhere.
Read MoreDigital Estate Planning Part 1: Taking the First Bytes
Technology has irreversibly changed the way people operate on a daily basis. Smartphones, computer programs, and websites have altered the way people conduct their lives, creating a dependency on things and legal issues never before considered. Many people now do not know their own bank account numbers. Instead, they rely on a username and password…
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