If you have not started to plan your estate, you are putting yourself in a hole. This very well could be a hole that you never crawl out of, depending on your age or health. It is recommended that you start to plan your estate the minute you are hired for your first full-time job after school. Even if you aren't married. Even if you don't have children. It's still important to write down where you want your property to go upon your death.
What should I consider when selecting a power of attorney?
A power of attorney (POA) is a document that should form part of your estate planning toolkit. There are many different types of them, each with different purposes. One may allow you to appoint another individual to handle your finances. Another may allow you a designee to make medical decisions for you.
How does divorce impact inheritance?
When a couple is married, it is taken for granted that in the event of the divorce, assets will be divided. However, in the process of filing for a divorce, the question of what happens to an inheritance fund becomes more murky.
Creating an advance directive in your living will
Creating a living will can be a daunting task. Many people know that they should create one, but it often becomes very difficult to face what feels like a scary task. However, it does not need to be so difficult.
