
What is the Most Important Ability of Your Estate Plan?
The most important ability in an estate plan is availability.
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The most important ability in an estate plan is availability.

Planning for incapacity might sound as fun as a rain-soaked beach party, but it’s as essential as remembering the lyrics to “Wouldn’t It Be Nice” at a Beach Boys concert. We Baby Boomers are older now…

I have been diagnosed with brain damage and dementia. Word to the younger folks: I woke up last year and suddenly could not spell or write legibly. No warning. No symptoms.

With good planning, unmarried couples can receive many of the same legal protections as married couples when it comes to inheritance and taxes.

These signs might point to cognitive decline nearly a decade before a formal diagnosis.

You spend a lifetime building your business, so it’s crucial to have a game plan when it’s time to leave. Being prepared will help optimize the transition from a financial and tax perspective.

Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a critical piece of the planning puzzle.

Q: Is there a difference between a ‘living will’ and a ‘do not resuscitate’ order?

A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.

Incapacity can occur because of illness or an accident. It can be temporary or permanent. That’s why every adult needs a power of attorney in place, once they turn eighteen.