Estate Planning

The Top 10 Reasons Why You Need An Estate Plan

May 8, 2015

A recent survey found that approximately two-thirds of Americans don’t have a wills, and even fewer have power of attorneys or health care directives. Are you one of them? The survey suggests that the primary reasons why so few have Wills include: Procrastination Believing that getting a Will was not urgent Thinking they did not […]

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Who Are Your Beneficiaries?

April 20, 2015

Who are your beneficiaries? When was the last time you updated your beneficiary designations? If you’re like most Americans, it’s probably been a really long time! Unfortunately that can lead to disastrous results. For example, I once received a heartbreaking call from a woman once whose husband had just passed away. Her husband had acquired […]

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To Spring or Not to Spring a Durable Power of Attorney

March 2, 2015

Every adult should have a durable power of attorney. What is a Durable Power of Attorney? A durable power of attorney is a document that will allow you to appoint someone you trust to engage in specified business, financial and legal transactions on your behalf. It is called “durable” because it does not terminate if […]

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Is There A Difference Between A Beneficiary And An Heir?

October 10, 2014

The words “Beneficiary” and “Heir” are often used interchangeably, but each word has a very specific legal definition. A beneficiary is someone who benefits from the transfer of property, such as by a Will or a Trust. A beneficiary can even be the person who transfers the property. For example, in the case of a […]

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What Are You Waiting For?
The Blessing of Planning Ahead

September 26, 2014

Most of my clients are healthy when they contact me. Estate planning is something in which they are engaging as a precautionary measure rather than because they expect to die within a short amount of time. But not always. Occasionally, clients contact me after they’ve been diagnosed with a serious illness when emotions are high […]

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Tips for Designating IRA Beneficiaries

September 19, 2014

Wendy S. Goffe wrote a great guest article on Forbes.com last week that offered tips to avoid problems that can result from incomplete or inaccurate IRA beneficiary designations. Below are her recommendations Name a primary beneficiary (or beneficiaries). Name an alternate beneficiary in case the first one dies before you. Don’t name your estate as […]

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