Author Archives: Site Administrator
What is an Advance Directive and Do I Need One?
These are difficult questions to think about. However, they are very important, as every estate planning attorney knows. Should you ever become unable to speak for yourself, reports the Enid News & Eagle in the article “Veteran Connection: What you should know about advance directives, ” there is a way to make a plan,… Read More »
The Big Eight: Don’t Risk Your Retirement with These Mistakes
During our working lives, we have a cash flow called a “paycheck” that we rely on. A similar cash flow occurs when we retire and start the process of “deaccumulation” or creating income streams from sources that include our retirement funds. However, generating enough income to enjoy a comfortable retirement requires managing that cash… Read More »
Why Would a Person Like Me Need a Will?
Wills don’t have to be complicated, but it’s best to work with a seasoned estate planning attorney. Wills must be dated, signed, witnessed and notarized. If you don’t have a will, it delays the process considerably and may delay payment of the deceased’s assets to his or her heirs. To eliminate some of the… Read More »
How to Spend Your Savings During Retirement
One of the best ways to make sure you have enough money to last you through retirement is to be savvy about how you spend your savings. Everyone’s situation is different, so there is no single formula that will apply to everyone, but it can be helpful to have some general guidelines on how… Read More »
How Can I Protect My Child’s Inheritance, If They Have a Substance Abuse Problem?
Kiplinger’s recent article, “Selecting the Right Trustee and Protector for a Substance Abuse Trust, ” explains that selecting the trustee for a substance abuse trust should start with a good idea of the duties they will perform. Next, find a person or institutional trustee that’s most qualified to fulfill those obligations. Parents should then… Read More »
Why Should I Create a Trust If I’m Not Rich?
It’s probably not high on your list of fun things to do, considering the way in which your assets will be distributed, when you pass away. However, consider the alternative, which could be family battles, unnecessary taxes and an extended probate process. These issues and others can be avoided by creating a trust. Barron’s… Read More »
Do I Need a Living Trust or a Will? Or Both?
This is just one of the reasons people think they want a trust: to ensure that the value of their overall estate will not decrease, because of the cost of probate. The most common way to do that is with a trust, says The Houston Chronicle in the article “Elder Law: Which should I… Read More »
Still Working but Coping with Early Stages of Dementia
There are many factors to consider when you’re still active in the workforce but have received a diagnosis of dementia. How has your job performance been affected? Have you been able to devise a system for maintaining your performance levels, or are you not able to safely proceed with the tasks of your job?… Read More »
Why Can’t You Afford to Procrastinate on These Financial Moves?
Many of us are natural-born procrastinators, especially with financial matters. For instance, it’s not unusual to delay until the last minute to file a tax return, but Motley Fool gives us a few money moves Americans tend to delay—and reasons why you shouldn’t wait any longer in the article “3 Money Moves You Can’t… Read More »
Health Care Decisions in 2019 Require a Medical Power of Attorney
The patient above was asked if he had a living will or a health care directive. He wondered, why are they asking me this? It’s a simple knee replacement surgery. Do they think I am going to die? However, as discussed in the article “Take control of health care decisions in 2019 | Coming… Read More »