46 Year Old Zappos CEO Died with No Will
If you pass away without a will, state law generally decides who gets your assets and, if you have children, who will care for them.
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If you pass away without a will, state law generally decides who gets your assets and, if you have children, who will care for them.
Your legacy is what you leave behind: What people will remember about you and receive from your life? Legacy planning is about fostering your relationships and passing on what is most important to you for your loved ones.
Building enough wealth to sustain yourself in retirement is a monumental achievement. However, financial planning doesn’t end when you no longer rely on a paycheck.
Many people are taking this time at home during the COVID-19 crisis to update their estate plan. Here are six critical estate plan components you should focus on in light of the current pandemic.
The COVID-19 crisis isn’t just costing Americans their freedom and jobs; it’s also forcing millions to contemplate their own mortality.
“Don’t panic” has been a common refrain from government leaders, public health professionals, and across social media from well-meaning people trying to keep everyone calm during the coronavirus pandemic.
It’s never too early to start estate planning. If you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life’s unexpected twists and turns.
If someone has lost capacity to execute legal documents and has no power of attorney in place or has a power of attorney that is no longer usable (for example, if the named agents are deceased), a guardianship proceeding may be the only recourse.
The best way to ensure that friends and family know your wishes is to email a copy of your living will and health care power of attorney to your decision-makers and use that delivery to tell them how you feel about end of life decisions.
As it turns out, a living will and a durable power of attorney for healthcare are two things that single people might especially want to give some thought to.