A power of attorney (POA) is a legal document that lets you give someone you trust the authority to make decisions on your behalf. But how much authority does a power of attorney actually have? That depends on the type of POA, what’s written in the document, and the laws in your state. If you’re…
If you choose, the same person you name as guardian for your minor children can serve a dual role as trustee. However, this decision takes some careful consideration. Having one individual serve both roles isn’t always the best idea. It can be complicated, impractical, and even lead to conflicts of interest. To better understand the…
Are you celebrating this Valentine’s Day with that one person who you want to spend the rest of your life with? There are several steps that couples need to take in order to protect each other in the future. These steps will be slightly different, depending on whether they are legally married or not. We’ve…
Naming a power of attorney can be a wise step to take. If you are ever incapacitated by an illness or injury, they will be able to do things like pay your bills or receive information about your medical condition, depending on the terms of your contract. However, many people are hesitant to appoint a…
It’s always a wise call to update your estate plan after you get married (or remarried) and whenever you welcome new children into your family. If yours is a blended family, you’re not alone! About 1 in 6 American kids lives in a blended family. But if you want to leave an inheritance for your…
Are you wondering if Arizona is a good place to retire? Our answer would be a resounding “YES!” Not only is Arizona a tax-friendly state for seniors with a wide array of desirable cities, there are many other pros to settling down here for your golden years. Some consider it a retirement paradise with its…
When it’s time to retire and you’re a business owner, leaving isn’t as simple as just picking a day on the calendar. It requires thought, communication, and legal action. If you intend to pass your business on to your children, grandchildren, or other family members, careful planning will ensure a seamless shift. Give this transition…
Starting an estate plan can feel like a daunting task, especially if you’re a beginner and the idea is foreign to you. However, making an estate plan is absolutely essential, and you should not put it on the back burner. More people than ever are realizing why tools like wills and trusts are important—even for…
Individual situations and people can change quickly and dramatically. You don’t want to disclude an irresponsible child from their inheritance—you want to protect their financial future so that when they’re ready, they can handle a large amount of money. Let’s go over how to leave an inheritance to an irresponsible child in a way that…
Ten Estate Planning Tips You’ll Actually Use If you don’t have an estate plan yet, you’re probably wondering where to begin. Estate planning is often a complicated process, and every person’s situation is unique, so a little guidance goes a long way. Here are ten tips from our experts to help you get started. 1:…
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