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 […]
Medicaid vs. Private Pay: Is the quality of nursing home care the same?
Do people on Medicaid receive the same quality of nursing home care as people who pay privately? The question of Medicaid vs. Private Pay plays close to us when we are wondering about the quality of care our loved one may, or may not, get in a nursing home. Of course, we want what’s best […]
Common Estate Planning Mistake #4: Assuming that you can always change things later
What is good for us today may not be good for us years down the road. So, it’s important to keep this as a consideration and build practical options, such as naming successor agents, into our estate plan. In this Estate Planning Minute, Wes Coulson discusses another common estate planning mistake and the problems that can come from assuming […]
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