In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses Transfer on Death or TOD accounts, Payable on Death or POD accounts, and Joint Tenancy accounts, and why they don’t take the place of a will, can result in a very distorted estate plan and possibly end up doing more harm than good. All […]
Can I Disinherit My Spouse in My Will?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses why someone may want to disinherit their spouse from their will and offers advice on how to still provide for a spouse in a nursing home without causing them to lose Medicaid eligibility or the money they may have inherited. ? Can […]
Why Many Powers of Attorney for Healthcare are a Lost Opportunity
In this Elder Law and Estate Planning Minute, Wes Coulson, Southern Illinois Elder Law attorney, discusses why it is that so many healthcare powers of attorney forms, including the statutory form in Illinois, are a tragically lost opportunity. ? Why Many Powers of Attorney for Healthcare are a Lost Opportunity Transcript: Hi, I’m Wes Coulson and […]
Does a Will Keep Me Out of Probate?
In this Elder Law and Estate Planning Minute, Wes Coulson, Southern Illinois Elder Law attorney, discusses why a will isn’t the best way to protect your estate from going into probate and that the better option is having a living trust. ? Does a Will Keep Me Out of Probate? Transcript: Hi, I’m Wes Coulson from […]
Asset Preservation Planning and Financial Powers of Attorney: Why yours may not stack up at a critical time
What financial powers of attorney include and don’t include can end up making a tremendous difference at a critical time. For people concerned with asset preservation planning, this is incredibly important. Think of the financial power of attorney as a tool kit, one that you’re building for the person that you’re naming as agent to do things […]
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