A Power of Attorney (“POA”) is a legal document that empowers another adult, such as your spouse, family member, or close friend, to manage your financial and property matters. This authority is particularly useful when you are incapable of manag…
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Deciding between creating a will or setting up a trust is confusing. However, farmers, business owners, and high-net-worth individuals need to plan ahead and make sure their assets are distributed according to their wishes after they pass away. But h…
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When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include several tools for your unique situation. One tool that might benefit you is a limited liability company (LLC) that owns s…
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One would assume that celebrities with extreme wealth would take steps to protect their estates. But think again: some of the world’s richest and most famous people enter the pearly gates with no estate plan, while others have made estate planning…
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Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan n…
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Family conflict can be an unfortunate byproduct of transferring intergenerational wealth if your estate plan does not properly address the risk. Thankfully, we usually hear from our clients that they don’t have any concerns with their kids getting…
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One of the more uncomfortable aspects of estate planning is deciding what will happen to your child if both you and the child’s other legal parent were to die unexpectedly. While the odds of this happening are low, the consequences of not naming a…
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Why You May Face a Probate Probate is the legal process for recognizing the validity of a will after a death and giving authority to someone to administer the estate This person, also known as an executor or personal representative, administers the d…
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What is Estate Planning? Estate planning is the process of creating a comprehensive plan that outlines what will happen to your property after you pass away. This includes making arrangements for the transfer of assets, such as land, equipment, and l…
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