Is it time to stress test your estate plan?
If you have a properly executed will or trust in place, good for you! You’ve taken a great step toward protecting your assets for future generations. But, establishing an estate plan is only the first step. You still need to make sure that your plan will stay rock solid by keeping it up to date.
With each life change you will need to adjust your estate plan accordingly. If you experience changes to your career, health, residence, family or even tax status, your estate plan can be derailed. In some cases, a change could create new opportunities that can help you increase your net worth.
Top Fears that Encino Elder and Estate Planning Lawyers Face with their Clients
When clients come to see an Encino estate planning or Elder Law lawyer, they generally have multiple goals in mind. Interestingly, they don’t always realize this fact, thinking that they “just” need to put together a will that stipulates who gets what after they have passed away. While this is obviously a very important part of what estate planning lawyers do, it’s not a comprehensive view.
Make Your Medical Wishes Known for National Healthcare Decisions Day
MedicalPicNational Healthcare Decisions Day was on April 16th, and it’s an important reminder for every adult to begin having difficult conversations with loved ones about their most private wishes for medical and end-of-life care.
Far too many people assume that their families would make the choices they would want in an emergency. Yet everyday we hear stories of adult children, siblings or other relatives battling during a health care crisis over “what their loved one would have wanted” in that situation.
The Terry Shiavo case is a great example of this. At the young age of 26, Shiavo suffered sudden cardiac arrest and slipped into a permanent vegetative state. She never documented her wishes about treatment options such as feeding tubes, life-support and long-term care, leaving her family to battle for years over these issues in court.
Feeling Squeezed in the Middle of a Generational Sandwich?
Tweet How to Take Care of Yourself as You Take Care of Others by- Gerry Kane Raising your kids, working, trying to take care of...
Encino Newlywed Lawyers Consider Same-Sex Marriage and Social Security
Tweet By Gerry Kane The Supreme Court’s landmark decision regarding same-sex marriage brings with it many issues that are probably best discussed with a good...