Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing guardians for minor children, choosing healthcare agents to make decisions for you should you …
Estate Planning
Estate Planning Awareness Week: Which Estate Planning Documents Should You Have in Place?
Our U.S. Congress has designated the third full week in October (October 19-25, 2020) as National Estate Planning Awareness Week. This campaign is designed to help the public understand what estate planning is and why it’s an essential part of our financial wellness. According to a 2020 study by Caring.com, only about 32% of the …
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Estate Planning at Different Life Stages
One of the questions we frequently hear at the law firm is, “when should I start my estate planning – is there a specific age or timeframe?” Our answer is that estate planning is for everyone; it just depends on your needs. Below, we take a look at some specific estate planning items related to …
What Happens If You Can’t Find Someone’s Will?
What Happens If You Can’t Find Someone’s Will? Imagine that you’re an estate executor or a family member, and you need to begin the probate process. But when it comes time to submit their Last Will and Testament, you cannot find the document. You’re not sure whether it’s lost, someone accidentally threw it out, or …
Should You Split Your Children’s Inheritance Evenly?
The idea of dividing up your estate between your children can be daunting. Does it make sense to split everything equally? Or should you consider a different arrangement? Also, how might your choices today affect your children in the future? In Brian M. Douglas & Associates’ latest blog, we’re looking at the situations where equal …
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The Law of Unintended Consequences: A DNR May Prevent Coronavirus Treatment
As a law firm, we’re used to researching and addressing laws on a daily basis. But there’s one law you might not find in our collection of legal books, and that’s the Law of Unintended Consequences. The Law of Unintended Consequences is a socio-economic term. It can also be used as an adage, warning people …
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The Advantages of Putting Your Home Into a Trust
You may be wondering whether it’s a good idea to put your home into a trust. In today’s blog, we’re explaining the process of creating a trust and discussing some of its related benefits and challenges. Creating a Revocable Living Trust A revocable living trust is a trust a person can create while they are …
Parents: Make Sure Your College Student Has These Estate Planning Documents
For the parents of college-aged children, late summer is usually a time of fun and anticipation. Families are planning their last-minute vacations and taking their teens shopping for school supplies. Students are checking their course schedules and dorm room assignments. This school year, however, there is a feeling of uncertainty surrounding the back-to-school season. Parents …
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