Social Security Disability Insurance is a helpful benefit system that allows those with disabilities to seek benefits to help them have an income when they cannot work or are unable to work a substantial amount. Since the Social Security Disability Insurance program...
Chances are, whoever you named as the executor of your estate in your estate plan is a close friend or family member. As such, you don’t want them to have to endure more stress and hassle than necessary while they administer your estate, especially since they will be...
When you set up your health care proxy, one thing you need to do is to choose a health care agent. They will receive the health care power of attorney powers that are needed if you cannot make medical decisions for yourself. While many people decide to choose a close...
It’s always wise to include an advance health care directive in your estate plan. In fact, adults of any age can benefit from having one even if they don’t yet have a will or other estate planning documents. An advance directive allows you to codify your wishes if...
You may have heard in the past that you need a power of attorney document in your estate plan, but you may not know what kind you need. There are several different POA documents that you can select from when choosing agents to care for you or your affairs. One of...
Planning for what happens in the event of death can be a daunting prospect for anyone. However, younger individuals may be especially wary of tackling their estate plan. Often, estate planning can be viewed from a negative perspective and seen as a morbid subject....
Choosing the right personal representative for your estate is a critical decision. As the executor or administrator of your estate once you are gone, it is paramount that you pick someone who has your interests at heart. In addition, they will likely take on...
Essentially, trusts and wills serve the same purpose - passing on your estate to your beneficiaries after you are gone. However, you need to carefully consider your objectives before settling for either of the two. A will is a legal document that expresses your wishes...
Life is always changing -- and this is never more true than when it comes to your estate plans. When you first created your estate plan, it was reflective of your situation, your assets, the people in your life and the law of the day. If you look back three or five...
There are two main types of trusts: revocable trusts and irrevocable trusts. These trusts are both created while you’re still alive, so they’re called living trusts. The ways that they differ is in how you control your assets, the tax benefits and if you have a right...