When it comes to the impact of insurance on estate planning, most of this discussion will focus on disability insurance and life insurance. However, it's always a good idea to look at other insurance products--we will touch on that in more detail soon. First, there...
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Month: April 2013
Estate planning – living wills
A living will is connected to a healthcare power of attorney or healthcare proxy (read our blog entry from last week here) in that it stipulates your wishes regarding healthcare, specifically that which is designed to prolong your life. This document contributes to...
Estate planning – the power of attorney
Estate planning isn't only for when you, someday, pass on, but rather for that or any situation which incapacitates you so that someone else needs to make decisions in your stead. For this reason, the power of attorney exists. When beginning to think about who you...
Estate planning – beneficiaries
When it comes to estate planning, one of the best things you can do to ensure a smooth transition of control of your estate is to keep your beneficiary information up to date on all pertinent documents. Doing so will prevent confusion and delay in processing your...
Estate planning – executors
The executor or executrix of your estate will have the task of seeing to it that your last wishes and your will are realized. When beginning the estate planning process, many think that an heir has to be an executor of the estate, however, you may elect anyone you...