People procrastinate on finishing their estate plans for some reason. Apparently they know when they are going to die so they can decide when to sign the documents and finish the plan. I have a yearly cycle that I see. We are currently in a non-excuse time and thus people are working to finish their estate plans. Like you doing research on the internet… you should be applauded. However, let’s get you done before the summer vacation excuse kicks in!
Ok, so people start the year strong with estate planning in my experience. They have new year’s resolutions and want to clean up their worlds so estate planning often moves up the priority list. Other than some ski trips, a trip to Hawaii, and of course (for my elderly clients) the “I have a doctor’s appointment that day” excuse,
Like most things in life preparing wills and trusts is something you can not learn in one day. In fact, you can’t learn it in one year. I was reminded of this last week at a continuing education seminar I attended. I have been doing this type of work since 1994 and, in fact, been practicing exclusively in this area of law for the majority of the time. However, I still learn new things! I go to continuing education to learn about the latest laws, the latest ideas, but also to go a level deeper in my knowledge. I want to dissect detailed areas of the law and understand them!
Each time I go to a new deeper level I realize how unfair it is, to you the general public, for attorneys to dabble in an area of law. Wills and trusts looks so easy on the surface level but it is so deep and in
Ok, I apologize but I couldn’t resist the title for this post. Our society is crazy with litigation. Yes, you can blame the lawyers but individuals have to hire the lawyers and sign the lawsuits that are filed! However, it’s no doubt litigation is out of control, people sue for everything big and small, and juries sometimes give crazy judgments (i.e. McDonald’s hot coffee at the drive-thru case).
If you are like me you live an honest life. You work hard, you stay out of trouble and you are not a huge risk taker. However, life has risk no matter what you do! Let’s talk about protecting against that risk….
Start with insurance. Of course you should purchase insurance for large risks from a top rated insurance company. House, car, liability, health, business, and of course an
YES you can find free power of attorney forms on the internet.
YES you can go to stationary stores and find similar forms for very cheap.
YES you can find some attorney who knows nothing about estate planning who can print a form and charge you fifty bucks.
However, will that really solve the dilemmas you will be facing when the document is needed?
A lot of people when planning for their, or other’s, future think a power of attorney for financial affairs will solve all problems. They think it will enable them to stand in someone else’s shoes (or appoint someone to stand in their shoes) and make all decisions.
It’s not that easy.
First, and foremost, there is a huge difference between medical and financial. There are two completely distinct documents and sometimes more. Today