Tag Archives: estate plan

Should I Include End-of-Life Care in My Estate Plan?

End-of-life care is a much bigger deal than many of us realize, and should always be included in your estate plan. The recent passing of music legend Tom Petty serves as an example of how important it is to include end-of-life care in your estate plan. Why You Should Include End-of-Life Care in Your Estate Plan Per CNBC, after Tom Petty was found in cardiac arrest, he was rushed to the hospital for treatment. Eventually, his family had to decide whether to keep him on life support or not. They had him taken off life support, because Petty had included…

How Can I Create an Estate Plan That Protects My Assets From Creditors?

When you are crafting your estate plan, you are making a decision about what you want to leave behind for those you hold most dear. However, if your creditors have anything to say about it, your loved ones may never receive the assets you leave for them. Fortunately, there are steps you can take now to ensure that your estate plan is creditor-proof. Tips for Making a Creditor-Proof Estate Plan The American Association of Retired Persons (AARP) published an article on their website explaining what steps people can take to make their estate plan creditor-proof. Per the AARP report, here…

Why Do I Need an Estate Planning Attorney For An Estate Plan?

Many online businesses offer wills and trusts through an automated process. The online process generally consists of a fillable questionnaire that, once answered generates an estate plan without the assistance of an estate planning attorney. A good estate plan consists of more than just a will or a trust. Further, if you do not know what the questionnaire is truly asking you, it is difficult to generate an estate plan that accurately reflects your intentions. In order to provide the maximum benefit to your loved ones and to achieve favorable tax consequences, an estate planning attorney will construct an estate…