In Texas you can choose whether many of your assets pass under your Will (probate assets) or outside your Will (non-probate assets). Read more for seven non-probate assets.
The time to talk about end-of-life care is before we need it, when we can consider alternatives calmly and discuss them with our doctors and family. We may want to go through the exercise more than once as we age and different health conditions and ways to treat them emerge.
Most people go about this without giving it much thought, naming their spouse or naming their spouse and then their children in their wills and on the beneficiary designation pages of investment accounts and life insurance policies. Few people remember to check periodically. But peoples’ situations change. What considerations should you make when naming your beneficiaries?
If there’s one thing more terrifying than awaiting a diagnosis or hearing that your loved one has been rushed to the hospital, it’s hearing that they are in the ICU. Seven things you need to know when an elderly relative is in the ICU.
While single purpose Powers of Attorney have been used to transfer distant real estate for over 200 years, multipurpose Durable Powers of Attorney only date from the 1960s. They are still a work in progress. Because of this, banks, brokerage houses, title companies and others sometimes hesitate to accept them.
Don’t just pick a form off the internet. Learn the who, what, where, when and how of creating your Power of Attorney. Discuss your situation with an elder law attorney and sign one which works for you.