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How Well Do You Know Your Own Estate Plan?
If someone handed you your estate plan today, could you pass a pop quiz about what it actually says? Do you know who would manage your estate? Who would make financial and medical decisions if you became incapacitated? Who would care for your minor children? Do your beneficiary designations and asset titles still match your…
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Estate Planning Traps Most People Miss
Think your estate plan is up to date? You may be overlooking problems that could create headaches for your family later. An estate plan is not something you create once and forget. As your family, finances, and circumstances change, your plan can become outdated without you realizing it. Common traps include outdated beneficiary designations, failing…
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Your New Year’s Resolution: Estate Planning
The new year is a natural time to set meaningful resolutions. Making a resolution to create or review your estate plan is a powerful step toward ensuring your wishes are honored and your loved ones are cared for. An effective estate plan does more than distribute assets. It can reduce the risk of family conflict,…
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Less Is More—Until It Is Not
With estate planning, less is not more. More is more. Your estate plan should include multiple tools that work together to provide comprehensive protection under a multitude of circumstances. A will directs how to distribute your assets upon your death and names a guardian for children. Trusts offer control over the inheritance you leave behind…
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What Happens if I Cannot Communicate?
Contemplating incapacity can be as anxiety-inducing as thinking about death. The following estate planning tools can ensure that you do not end up in legal limbo due to a mental or physical disorder that renders you unable to manage your affairs or make decisions. A financial power of attorney allows someone to manage your financial…
Category: Incapacity
Eckert & Krautkramer, LLC
Protecting Assets, Preserving Dignity, Ensuring Peace of Mind
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