Regrettably, many people fail to incorporate measures in their estate and retirement planning to deal with possible incapacity. For most, doing so can be as simple as having comprehensive financial and health care powers of attorney. For others, a trust may be more appropriate. Once incapacitated, it may be too late to implement these measures.
A “Living Will” is a legally-enforceable written statement that indicates your preferences regarding end-of-life treatment. It applies if you are unable to communicate those preferences. Living Wills are not just for the elderly. People of any age can lose capacity. They may have an accident, suffer a serious injury, or develop a disability at any
Buying or selling a home can be one of the most important financial transactions in one’s life. Sale or other disposition of one’s home after death is often the most significant financial transaction in the distribution of a decedent’s estate. Tax consequences play an important role. The biggest concern when selling property is usually capital
