If someone is diagnosed with Alzheimer’s Disease, and they don’t have their estate planning documents in place, the time to get them in order is now, while they still have the chance and before there are going to be any doubts about the validity of the documents. In this Elder Law Minute, Wes Coulson, Illinois Elder […]
Common Estate Planning Mistake #7: Failing to include enough powers in a Power of Attorney for Property
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, […]
Can a Guardian undertake Medicaid Planning for you?
Can a conservator or guardian undertake Medicaid Planning for someone who has not authorized them to do so with a Power of Attorney? It really depends on where you live if a conservator or guardian may undertake Medicaid Planning for you, however having the proper powers of attorney in place is a relatively inexpensive and definitive way […]
Why a Healthcare Power of Attorney is Better than a Living Will
In this Estate Planning and Elder Law Minute, Wes Coulson shares the difference between a Healthcare Power of Attorney and a Living Will, and why you may want to choose one over the other. Why a Healthcare Power of Attorney is Better than a Living Will Transcript: Hi, I’m Wes Coulson and this if your […]
Should you consider a retirement age for fiduciaries?
In this Elder Law and Estate Planning Minute, Wes Coulson discusses why it’s important to consider a retirement age for fiduciaries during estate planning. Should you consider a retirement age for fiduciaries? Transcript: Hi, I’m Wes Coulson and this is your Estate Planning Minute. One of the things that I enjoy telling my estate planning […]