Incapacity | Estate Plan Pros
Next in line to be a successor trustee?

What To Do When The Current Trustees Become Disabled

Are you next in line to be a trustee for a family member?  Or, your spouse, who has taken care of everything, is suddenly unable to carry on as before.  With proper planning, you should be equipped to take over immediate medical and financial affairs.  This checklist is for you– what you need to do when neither parent is able to continue caring for themselves or each other. First a...

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Estate Planning Is For When You’re Alive, Too

Estate Planning Is For When You’re Alive, Too

Think estate planning is just for when you’re gone?  Think again.  Estate planning is as much about protecting yourself as it is protecting your family.  When you’re alive but not well, who is in charge?  Either you’ve appointed someone ahead of time, or the government will appoint someone for you. You can appoint someone to make financial decisions through a Durable...

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Preparing Your College Bound Child for Legal Success

Besides Top Ramen, there are a few essential legal documents your high school graduate needs to have in place.  Two Key Legal DocumentsEvery adult should have these two key legal documents.  It may be hard to believe your child heading off to college really is an adult, but they’ve officially crossed that threshold into adulthood.  It’s an exciting time.  And it’s a very...

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Avoid Personal Probate

How to Avoid Personal Probate

Ask yourself, if you can’t make your own medical or financial decisions, who can? Statistically, most of us will experience some period of incapacity.  With the right legal documents, you can choose the person you trust the most the help you when you need it most.You know you shouldn’t leave home without your wallet.  You also shouldn’t leave home without two key legal...

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Watch Out for These Scams Targeting the Elderly

The people who target that generation who grew up on “your handshake is as good as your word” to me are some of the lowest sorts of scum. Some of my favorite conversations are with people who’ve gone through the great depression, and their vivid memories of what it took to survive those tough times. If you know someone who has been a victim, or have even fallen for one of these scams, do yourself...

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Guard Against Legal Risk

Guard Against Legal Risk With Two Legal Documents Every Adult Should Have

You know you shouldn’t leave home without your wallet.  You also shouldn’t leave home without two key legal documents. Just like wearing a bike helmet or putting on a seatbelt, these two documents are designed for your legal safety.  Every adult needs them.  What are they?  In California, they’re called the Advance Health Care Directive, and a Durable Power of Attorney....

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Soaring medical costs

The $300,000 Question

There are three expensive ways to die, and one of the three is almost twice the cost of the other two.  A new study published on Monday in the Annals of Internal Medicine looked at the total cost of care for patients on Medicare.  The question they wanted to know was which diseases had the greatest cost in the last 5 year of life.  The answer may surprise you.A cancer patient...

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Couples still need incapacity protection

No children? 3 Reasons to have an Estate Plan

Two big estate planning myths are that you only need an estate plan if you’re old, and you only need an estate plan if you care about your kids.  You actually need an estate plan if you care about yourself.  There are two other reasons you should have an estate plan even if you don’t have children.  Self-ProtectionIf you can’t make important decisions, who will?  Many people...

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The Great Springing Power Debate

If you can’t make financial decisions, who should make them for you?  That’s the simple premise behind creating a Power of Attorney.  But that simplicity hides a very important question: when should that person be able to make decisions?  The options are now, or later, when something specific happens.  Something “specific” usually means being declared incompetent.  The...

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Three Important Things A Will Does Not Do

There are many mistaken beliefs about what a will does for you. While they are an important part of an estate plan, wills have three major limitations. A will doesn’t avoid probate This sometimes comes as a shock to people – a will has to go through probate, meaning your heirs will have to wait months before the court approves the distribution of your estate, not to mention the extra expense and...

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