Great review of basic considerations before finalizing your estate plan.
“Who should receive my property?” asked Helen to her attorney, Clara. “There are so many decisions to make. Since Morgan passed away, I need to make these decisions myself. Should I give property to the children outright or in trust? Is there a best age for them to receive the property? And what if one of them were to pass away before I do? The grandchildren are still too young to manage property. I also have made a loan to one of the children. Should I forgive that loan? And what about my dog Rover? Who will take care of Rover?” Continue reading
You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a living will are accompanied by a HIPAA release. All of your records are safely in place and carefully organized.
So you now are finished with your estate planning. Or are you? Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan? Continue reading
Published December 6, 2013 by The Foundation of the Tennessee and Memphis Conferences of the United Methodist Church
The living trust is becoming quite a popular estate planning strategy. It costs more than a will, but includes many features that are helpful during life and in your estate. Let’s review some of the basic principles of the living trust. Continue reading
Published August 17, 2012
United Methodist Foundation for the Tennessee and Memphis Conferences
Planning for retirement and senior care is a very important activity. The activities of daily living for a senior person include eating, dressing, bathing, and walking or moving. At some point you will likely need assistance in one or more areas.