Not all Power of Attorney for Property documents are created equal. Some may give authorization for an agent to pay your bills, while others may give authorization for your agent to do more complex things such as setting up a trust for you to protect your assets. In this Elder Law and Estate Planning Minute, […]
When it comes to Long Term Care – When you run out of money, you run out of options
Long Term Care in a nursing home can present a wealth of issues, one of which being financial. With proper planning, the money you may have accessible to you when or if that time comes, will help create more available options for you. In this Elder Law Minute, Wes Coulson, Illinois Elder Law Attorney, explains how planning […]
Common Estate Planning Mistake #6: Trying to ‘Do it Yourself’
There can be a false sense of security with ‘do it yourself’ estate planning. While the estate plan may seem strong at the time, it may not prove to be beneficial down the road when unforseen or other possible situations that can occur in life aren’t considered. Consulting with an attorney is the best way to gain a true […]
Common Estate Planning Mistake #5: Failing to consider the ages of people you name as fiduciaries
Naming fiduciaries is an important part of our estate planning efforts. After all, when the time comes, the people we choose are entrusted with various aspects of our estate. While who we choose now may make perfect sense, considering their age is often an oversight and may prove them to be an ineffective choice down the road. In this Elder […]
The Lessons of Prince
If you are like most people, you were shocked to learn that Prince died at age 57. He seemed so young, so vibrant, so alive. He likely felt the same way about himself. Most of us do at that age. And so he made a terrible mistake. He assumed that getting his estate planning house […]
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