Creating a comprehensive estate plan is one of the best gifts you can give to your loved ones and to yourself. Estate planning, however, should include much more than just deciding how your assets will be handled after you are gone. One of the most common additions to the average estate plan is an incapacity planning component. It is always best to work closely with an experienced estate planning attorney when creating an estate plan. With that in mind, the estate planning attorneys at Nash … [Read more...] about Estate Planning Attorneys Offer Incapacity Planning Tips
When you think about the need for estate planning, you likely envision a plan that will protect and provide for loved ones in the event of your death. Your eventual death, however, should not be the only focus of your estate plan. The possibility of your incapacity should also be covered in your comprehensive estate plan. While there are a number of estate planning tools and strategies that can be used to plan for incapacity, a living trust is one of the most popular of those tools. The trust … [Read more...] about Living Trust Attorneys Explain How a Trust Can Help with Incapacity Planning
When you think about the need for estate planning, you likely envision a plan that will protect and provide for loved ones in the event of your death. Your eventual death, however, should not be the only focus of your estate plan. The possibility of your incapacity should also be covered in your comprehensive estate plan. While there are a number of estate planning tools and strategies that can be used to plan for incapacity, a living trust is one of the most popular of those tools. The … [Read more...] about How Can a Trust Help with Incapacity Planning?
People often put off creating an incapacity plan for many of the same reasons they put off creating an estate plan, including the belief that one is not necessary. The reality is that incapacity can strike anyone at any time. If it strikes you and you do not have a plan in place, a number of important questions will be left unanswered, including things such as who will control your assets and who will make decision for you. The good news is that a comprehensive estate plan should have an … [Read more...] about Can an Estate Planning Lawyer Help Me with Incapacity Planning?
You undoubtedly know the importance of estate planning. You also likely know that planning becomes even more important when you marry and have children, because you now have people you want to provide for and protect in the event something happens to you. If you recently married you may be wondering, “Should my spouse and I do our inheritance planning together?” While no two situations are exactly the same, there are a number of reasons why it is a good idea for most married couples to do their … [Read more...] about Should My Spouse and I Do Our Inheritance Planning Together?
No one likes to consider the possibility of becoming disabled; yet, the odds of it happening are probably higher than you realize. Studies show that a 20 year old today has a one in five chance of becoming temporarily or permanently disabled prior to reaching retirement age. Whether it is because of a serious workplace accident, a devastating illness, or a tragic car accident, the reality is that you could become disabled tomorrow. Both the Social Security Disability Insurance, or SSDI, program … [Read more...] about Free Report: Assistance for the Disabled – Understanding SSI and SSDI
For perfectly understandable reasons, people often prefer not to think about their own mortality. As a result, however, they often put off creating an estate plan which is a huge mistake. Those same reasons and results also apply to the subject of incapacity. People don’t want to consider the possibility of a tragic accident leading to their sudden incapacity. That, in turn, causes them to put off creating an incapacity plan. Much as we prefer not to think about it though, the reality is that … [Read more...] about Incapacity Planning in the Quad Cities: Are There Alternatives for Managing Property When Someone Becomes Incapacitated?