Power of Attorney – LWP Marketing Toolit

The Importance of Estate Planning Documents for Younger Individuals

SM_Admin — Wed, 09 Oct 2024 17:59:12 +0000

In the hustle and bustle of our youthful years, contemplating estate planning may seem like a task meant for a far-off future. Yet, the importance of having crucial documents in place cannot be overstated, even for those under the age of 40.

Mind Matters: Distinguishing Dementia from Alzheimer’s

SM_Admin — Wed, 09 Oct 2024 15:56:26 +0000

Developing a better understanding of these terms is essential, particularly when navigating legal matters associated with the well-being of loved ones.

Powers of Attorney: General or Limited?

SM_Admin — Tue, 26 Jul 2022 16:44:44 +0000

One estate planning document likely to come into play sooner rather than later, for most people is a power of attorney. Powers of attorney allow you, the principal, to name someone else to act on your behalf if you are unwilling or unable to act.

Why Do People “Put Off” Estate Planning?

SM_Admin — Wed, 23 Feb 2022 14:22:05 +0000

The statistics are rather alarming. In 2005, 50 percent of Americans had a will; today, only 32 percent of us have one. Meanwhile, only one in three Americans over the age of 55 has a durable power of attorney, and a mere 41 percent of this same demographic has advance health care directives.

If Your Children Have Turned 18, They Need Their Own Legal Documents

SM_Admin — Tue, 31 Aug 2021 13:47:02 +0000

When your children turn 18 they are legal adults. They might not act like adults all of the time, and you may still be supporting them financially, but in the eyes of the law they are indeed adults. This means that you can no longer make certain decisions for them, including health care decisions. Furthermore, you can no longer obtain medical information about your adult children without their authorization—even in an emergency.

Why Your Estate Plan Must Include More than a Will

SM_Admin — Tue, 23 Mar 2021 19:16:51 +0000

A Will helps ensure your wishes are carried out after you pass away. However, it does not ensure that your wishes regarding your finances and medical care will be followed if you become incapacitated. For that you will need other essential documents.