When it comes to Estate Planning, one of the most important things you can do is to to lay out your wishes when it comes to your health later in life. This is in the event that you are not mentally able to make these decisions for yourself, which sadly happens to a number of people. So instead of it being up to someone else, what you can do instead is lay out your health care wishes now, while you…
Category: Estate Planning
My Close Call With A Bad Driver (Why You Need Health Directives)
I do my best to stay in shape, and one of my favorite things to do is cue up a good podcast and then go for a nice run outside.
I went for one on Sunday afternoon right after church and I was breezing through the neighborhood doing my best Usain Bolt impression…
What is Probate? And Why You Might Want To Avoid It
Many people that I speak to come to me and say that they want to avoid probate, but they can’t precisely say why. They’ve just heard it’s something that they might want to avoid and so they’re trying to figure out how to avoid it. If you’ve never had a loved one die, you may never have experienced it. Probate can be a very costly, and time consuming process, which is why it’s talked about negatively, and why many people…
Will vs Trust: Similarities, Differences, and FAQ
One of the most common questions asked about estate planning is “What is the difference between a will and a trust?” There are a few similarities, but a lot of differences also. In both cases, these documents are a part of your estate plan – to have a complete estate plan, there are also powers of attorney for medical and financial purposes and other documents needed. Today, we will cover similarities, differences, and common FAQ. Similarities between a will-based plan…
What Is An Estate Plan? 6 Key Elements
One of the most underappreciated parts of reviewing your financial life has to do with things that we’d rather not think about. After all, how many of us actually want to contemplate our death or significant disability. In addition to that, as humans we tend to always say to ourselves, even if subconsciously, “Yeah, that terrible accident happened to them, but that won’t happen to me.” Or, “That cancer diagnosis happened to them, but it won’t to me.” And on…