Posts Tagged ‘ legal guardian ’

Have Dependents? Then Strongly Consider Standby Guardianships

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Today we discuss a strategy that is useful in case of what is likely the most devastating, worst-case scenario for many families – the unexpected and sudden death of parents or caregivers. While we hesitate to even think about it, we must consider all possibilities in estate planning so that loved ones can be left…

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10 Reasons Young Adults Should Consider Estate Planning

10 Reasons Young Adults Should Consider Estate Planning

According to the law of averages, approximately 1 in 500 people in the United States who are aged 25-44 will die this year.  In other words, 499 out of every 500 in this group will be around in 2012. So why on earth do estate planning attorneys, financial planners, insurance salesmen, etc. recommend that anyone…

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What’s In a Will? 10 Common Clauses and Their Functions

By George Wythe [Public domain], via Wikimedia Commons

Today, let’s take a post to broadly work through the clauses that are in a typical will.  Why?  To remove some of the mystery and to show you how such a document is effective and even essential.  Read more...

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Expecting Soon? Estate Planning Issues You Should Consider

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Image via Wikipedia For some reason, I am friendly with lots of women.  Perhaps it is due to the influence of my tough mother and two strong older sisters, or that I followed Benjamin Franklin’s advice to marry someone smarter than me.  However, this does not mean that I fully understand how women function.  Read…

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The Elizabeth Edwards Estate: Will John Truly Be Disinherited?

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Making the rounds in the news lately is the fact that Elizabeth Edwards, who passed away this past December 7, has seemingly disinherited former Presidential candidate and husband John Edwards by not including him in her will.  Inside Edition has released the will, signed six days before Ms. Edwards’ death.  Read more...

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Why All Parents Need Temporary Guardianship and Emergency Planning

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What will happen to your kids, elderly parents or other dependents if some emergency situation arose?  Does your estate plan cover these situations? As we have discussed in many posts, estate planning is not limited to passing your property after death.  We have often referred to Ancillary Documents such as “Durable Powers of Attorney”, “Advance…

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Last-Minute Estate Planning Can Lead to Chaos

Who Should Care for X

I had the misfortune of hearing a dreadful story over the weekend.  It is a fine example of how emotions can run quite high in the weeks leading to death if no estate plan is established, and how the survivors are left to solve complex issues that will have an impact for generations.  Read more...

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Who Will Choose Your Kids’ Guardian and Custodian?

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All parents of minor children should have at least a will.  Let me repeat.  All parents of minor children should have at least a will.  If you are a parent with minor children and you don’t have a will, you must get it done. Why?  The following are the major consequences if you do not:…

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