In these difficult and trying times, we are all currently going through with the coronavirus, we are reminded of how fragile life can be. Estate planning can be a touchy subject as no one really enjoys discussing their mortality. However, as we see through the effects of the virus, it is something that can help relieve a lot of stress and provide a sense of control and action that we all need right now. In this blog, we look at the benefits of a living will, a healthcare representative, and the difference between the two.
Living wills are governed by statutory ... Read More
Category: Estate Planning
17
Apr2020
14
Feb2020
The short answer is yes, single parents, just like married parents, should think about estate planning. If you are reading this, you, or someone you know, is probably a single parent. With that, you may be wondering, “but won’t everything automatically go to my child(ren) anyway?” or “does estate planning really make sense if I don’t have any assets to pass down?” In this blog, we provide guidance on some of these general questions by providing some of the main benefits of estate planning for single parents.
Your children. The biggest benefit to estate planning for single parents is your child(ren), ... Read More
30
Jan2020
The fact that we are mortal and will pass is a touchy subject with most of us because no one really enjoys talking about their mortality. This is especially true when it comes to discussing the creation of your Last Will and Testament. Uncomfortable as it may be, it is something you should consider. If not, will your wishes be honored if you become ill? Will your estate be divided as you wish? In this blog, we look at four benefits of having a will.
Freedom of Choice. One of the benefits, if not the biggest benefit to having a Will ... Read More
13
Mar2019
As stated in Ciyou & Dixon, P.C.’s blog post of February 25, 20191 (read it here) the idea of cohabitation between partners has become common in the United States. Couples may cohabit for a variety of reasons – younger individuals are choosing to cohabit before marriage at an increasing rate; partners with children may choose not to marry for a variety of reasons; some who have been “burned” by a past marriage may vow never to get married again but have found a new partner with whom they enjoy sharing their life; some may want to avoid the expense and ... Read More
22
Aug2018
In the trying time with the loss of a loved one, you may need to determine how to handle the estate of that person. Everyone has heard the term “probate”. But what does this mean? How does this happen? What must be done? Where do you start? Who do you contact or notify? All these are dizzying questions. Estates can be a tricky. This blog covers five basic concepts or questions to be answered to help you understand the process of opening an estate and helping an attorney move it through probate process.
The first question is whether the estate is ... Read More