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Myth: My Spouse can Make my Decisions
Estate planning often feels complex, leading many people to rely on assumptions that can have devastating consequences for their loved ones and their legacy. One myth is that your spouse can make your healthcare and financial decisions because they are your spouse. Spouses do not automatically have the legal authority to make your medical decisions…
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Estate Planning Blunders to Avoid
Estate planning is a critical step in protecting your assets and ensuring your wishes are carried out. Unfortunately, many individuals make avoidable mistakes that can jeopardize their legacy. Common estate planning blunders include failing to create or update a will, neglecting to establish powers of attorney, improperly designating beneficiaries, and failing to coordinate plans with…
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Why “Good Enough” Is Not Enough
A minimalist mindset might be fine for your living space, but not your estate plan. A minimalist estate plan that includes a will and power of attorney for health care might hold up under routine, predictable circumstances, but it can easily fall short when things go sideways and become more complicated. A will with outright…
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It’s Planning Season
To have a successful farm, thoughtful planning must be done every season. Your life is no different. To properly prepare for the next season in your life, you need a well-executed estate plan. When crafting a plan, consider the following planning tools. A revocable living trust is a tool in which a trustee manages the…
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An Estate Plan Is Your Script to a Lasting Legacy
Storytelling is an art as old as humanity. An estate plan can be broken down into storytelling elements. You are the main character and your loved ones are the supporting characters. In estate planning terms, they may be the beneficiaries. Conflict is the foundation of any good story. No family is conflict-free. Conflict in estate…
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What Happens to My Children?
An estate plan is not just about you. If you have minor children, you need to account for their needs. Your will can nominate a guardian for your minor children in the event that tragedy befalls you. Usually, the court appoints the nominee unless there is a good reason not to. Having a backup guardian…
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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: Power of Attorney
Eckert & Krautkramer, LLC
Protecting Assets, Preserving Dignity, Ensuring Peace of Mind
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