Your Estate Plan For Minor Children: Why It’s A Necessity
By Shannon Miller Who will raise my children upon my death? Even though only half of Americans say they have a will, couples with minor children should have a will if they wish to name who should care for their children and manage the assets. If there has not been an estate plan, a guardianship established by the court will be required and the court will decide who will have custody of the children and how the assets will be managed including how the monies will be spent. In addition, the court must distribute all funds left in...
Read MoreEstate Planning: 5 Strategies To Start The Conversation With Our Aging Parents
By Shannon Miller, Esq. Estate planning and advance directives can be difficult topics for our aging parents. Eileen’s story will outline how to get the conversation started. Eileen contacted me to discuss concerns about her aging parent’s estate plan. She had no idea what her parent’s assets were, how the assets were titled, or if they even had an estate plan, power of attorney, or advance directives. She wasn’t sure if her parents had $100,000 or $10 million because they were very private about their...
Read MoreYour Estate Plan: 10 Reasons To Review
Your New Year’s Resolutions Should Include An Estate Plan Review Since tax codes, health, relationships, and assets can change, all affecting the integrity of your estate plan, you need to review it every five years. And, since January is often a time to review, reflect, and do, it’s the right time to re-assess your estate plan. to make sure it still meets your goals. Here are some reasons you may need to modify your estate plan: There has been a change in your marital status (many states have laws that revoke...
Read MoreHealth Care Agent: Who Not To Choose
Carefully Select Your Health Care Agent by Shannon Miller, Esq. Since aging is inevitable along with the physical, mental and emotional changes that come with it, we must be prepared to take care of business if we become incapacitated. I believe that everyone deserves an end of life that is defined by them and in order for this to happen, you must have some legal documents in place. Having a well thought out plan listing who you want to act in your stead (your agent) and the guidelines you wish to be followed are outlined in...
Read MorePower of Attorney: Who Not To Choose
Carefully Select Your Power Of Attorney Agent by Shannon Miller, Esq. Though many of us fight aging, we know it’s inevitable. We all wish to move through the process of aging with a sense of security that our wishes will be carried out properly. We fear the consequences of aging like loss of mental clarity, chronic health conditions and the inability to live life independently. These situations can leave us unable to handle the business of life: paying bills, managing investments, and making key financial...
Read MoreAdvance Directives: Promoting Awareness on April 16
Planning For Care At End Of Life With Advance Directives The Miller Elder Law Firm brings awareness to April 16, National Healthcare Decisions Day (NHDD) to inspire, educate and empower the public and providers about the importance of advance directives planning. NHDD is an initiative to encourage patients to express their wishes regarding healthcare and for providers and facilities to respect those wishes, whatever they may be. The theme for April 16, 2016 is “It Always Seems Too Early, Until It’s Too Late.” A...
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