It is safe to say that estate planning is generally not a prime consideration for most young adults in their 20s or 30s. The truth is that estate planning for people in this age group is just asimportant as it…
The power of attorney is a crucial estate planning document—it allows a third party to step in and make important financial decisions for you, if you are no longer able to make those decisions for yourself. Having a properly executed comprehensive durable power of attorney can preclude the need for guardianship when it comes to your financial affairs.
When sending your child to college, expect the best, but plan for the worst. As parents, we spend so much time ensuring our children have all the supplies they need when going off to college: the extra-long sheets, the microwave,…
Who will take care of you and your finances and health care decision making if you become incapacitated?
The power of attorney is a financial document that names who will step in and take care of an individual’s finances if he is physically or mentally unable to handle them himself. The health care proxy does the same thing in the medical world. People often do not want to make decisions about naming a power of attorney or a health care proxy, but procrastinating is not the best option.
If you take a moment and actually think about it, you are probably registered on several—if not dozens of—websites. You make accounts associated with various websites and sign in with your unique username and password. When I started thinking about…
Are you and your family prepared for the unexpected? In the event of a sudden illness or injury, advanced directives can save you and your family time, money, and emotional distress.
The three advanced directives everyone should consider are health care proxies, living wills, and powers of attorney, yet these precautions are often overlooked by married couples.
This year I have had the pleasure of working with a married couple who suffered an unforeseen and life-changing event: the wife suffered a debilitating stroke while undergoing a simple medical procedure, and she needed the type of care that is only available in nursing homes.
In New York State there are three different types of guardianships: