You might wonder if a power of attorney (POA) agent can access your medical records. The answer depends on the specific type of power of attorney you grant and the scope of authority it provides. Understanding how this works helps you protect your privacy while making...
Estate Planning
Tips for talking to your loved ones about an estate plan
Creating your estate plan likely wasn’t an easy thing to do, but you may quickly realize that it’s just as difficult to talk to your loved ones about it. Having to do this touches on sensitive topics, such as your death, money and intimate family dynamics. While it...
How to plan for out-of-state property in your estate
Owning property in multiple states requires careful planning to avoid complications in the probate process. Proper planning can prevent delays and extra costs. Understanding how to manage your out-of-state assets ensures they are handled as you intend. Impact of...
How do advance directives impact family dynamics?
Advance directives ensure that doctors follow your medical wishes if you cannot make decisions yourself. While they provide clarity, they also affect family relationships in significant ways. Conversations about healthcare preferences may bring families closer or...
How can you revoke or amend a power of attorney in California?
A power of attorney grants someone the authority to make decisions on another person's behalf. However, circumstances change, and the principal may need to revoke or amend the document. California law outlines specific steps to modify or cancel a power of attorney....
How can life insurance be used in estate planning?
Estate planning helps people protect their belongings and ensure their loved ones receive support. Life insurance plays an important role in this plan by providing immediate funds, covering taxes, and managing expenses. Understanding how life insurance fits into...
How can young adults benefit from establishing advance directives?
Advance directives outline a person’s choices for medical care when they cannot speak for themselves. These documents, often linked with older people, offer many benefits for young adults too. Making sure medical choices align with preferences Serious accidents or...
How do POAs interact with other estate planning documents?
A power of attorney (POA) is an essential part of an estate plan, but it does not work alone. POAs interact with other estate planning documents, such as wills and trusts, to create a comprehensive plan for managing assets and making decisions. Understanding how...
How to choose the best guardian for your children
Choosing the right guardian for your children is one of the most important decisions you make as a parent. Your estate plan reflects not only your assets but also your hopes and priorities for your children’s future. There are some important factors to consider when...
How can trusts protect assets from creditors?
Trusts can be helpful tools for keeping your assets safe from creditors. By properly establishing and managing a trust, individuals can secure their wealth for future generations while reducing the risk of losing assets to lawsuits or unpaid debts. Types of trusts...