I’m looking for guidance on where to start with planning in case something happens to me or my husband.
Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about.
If you knock time and money off the excuse list, you can take care of some important estate-planning tasks.
You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.
A guardianship is a court-ordered relationship that is created to protect a person who is incapable of handling their estate or personal affairs. Guardianship law varies by state.
Few will argue that the most important time to have a will is when you are parents of young children.
A frequent concern for those with aging loved ones is the future need for guardianship. Unfortunately, the concept of guardianship can be confusing and overwhelming.
Nobody wants to think about how their loved ones will cope when they die. However, it’s important to plan effectively to ensure a smooth transition of your wealth and worldly possessions — even if you’re young or feel like you don’t have much to leave behind.
Although laws vary from state to state, every state requires that less restrictive alternatives be considered before invoking a guardianship. These might include such vehicles as limited guardianships, powers of attorney or assisted decision-making agreements.
Estate planning is not just for the wealthy. Anyone with a bank account, house, car or other personal property should have a will.
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