At document signing ceremonies, I am often asked “What should I do with my old will, power of attorney and other estate planning documents?” My answer remains the same. The old documents should be destroyed and you should do it right away. Why the urgency? If you don’t destroy them right away you may forget. This forgotten will replaced by a newer will can turn the family upside down after a death. While your Read More
Sending Kids Off to College Means Big Changes for Parents
It's that time of year when high school graduates are packing for college and getting ready to start an exciting new chapter in their lives. Many parents will also experience a new state of life - that of the Empty Nester. There are many changes when your kids move out: Your grocery bills go down, your house is cleaner and quieter and you have more time to spend with your spouse and friends. Another big change might Read More
What Can Happen to Children if Their Parents Die Without a Properly Drafted Will?
Many of us embrace the do it yourself (DIY) lifestyle. Why pay someone to do something you are fully capable of doing yourself? In many cases this is wise money management but it can be a disaster in the making. Consider the plight of Jane’s children. Jane received a medical diagnosis that ensured her premature death. She left behind four children (4, 8, 12, 15), a life insurance policy and a modest estate. She Read More
