Lawyers who help clients with estate planning are clear in their message about the importance of getting a health care directive in place. Sometimes called a living will, these documents help to guide care decisions when someone no longer has the capacity to do so for himself.
Pets play an incredible role in many people's lives. The companionship and affection they provide is not only valuable in its own right. It also is remarkably beneficial in reducing stress and providing emotional support in an often-lonely world.
Generational transfers of wealth do not only go one way. To be sure, the usual pattern is parents passing along assets to children and other heirs. This is done through wills, trusts, gifts and other estate planning devices.
Historically, discussions of estate planning have tended to most often involve married couples or the needs of families. Single people have often been overlooked.