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 […]
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 […]
Don’t Be Fooled by Average Life Expectancies
Hi I’m Wes Coulson and this is your elder law minute. When people are deciding whether to engage in planning to protect their life savings from long term care costs, it’s easy to get fooled by average life expectancies. People will see that the average life expectancy is 79, and if they’re 82, they’ll think […]
Why Second Marriage Spouses Need A Living Trust
Hi, I’m Wes Coulson, and this is your Estate Planning Minute. If this is a second or subsequent marriage for you, and you have children from a previous marriage, you really need to plan your estate with a living trust, and not a will, and here’s why: In All likelihood, if you die before them […]
Estate Planning & Elder Law Minute: Not all Financial Powers of Attorney are Created Equal
Hi, I’m Wes Coulson and this is your Estate Planning and Elder Law Minute. One of the great myths about Powers of attorney is that the only real question is whether you have one or not. Truth of the matter is, not all financial powers of attorney are created equal. They give the authority […]
