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Estate Planning

Are You Prepared?: If you have not considered your estate planning needs, now is a good time to do so. A comprehensive estate plan should consider not only what happens to your assets in the event of your death (usually covered by the terms of a will but should also anticipate issues that will arise should you become incompetent during your lifetime.

Are Your Estate Plans Only Worth the Cost of an Oil Change?: A recent national advertisement indicates you can have your legal Will drawn up for only $9. The ad claims the Will is valid in all 50 states, and is used by over 500,000 Americans. The same ad says that for only $12.95 you can obtain a Non-Lawyers Living Trust kit. Out of curiosity I mailed in my $12.95, plus postage, to see what value I would get for my money.

Avoid Estate Planning Mistakes: Don’t make assumptions about how you “think” your estate will be handled when you are gone. See an attorney and make sure you know what will happen. Here are some common misconceptions about probate transfers and related matters.

The Elements of a Well-Prepared Estate Plan: Many individuals believe a testamentary will is all they need for an estate planning document. However, the four basic estate planning documents most people need include not only the testamentary will, but also a power of attorney for financial affairs as well as a power of attorney for health care and a declaration to physicians.

Who's Minding The Store?: A sudden illness or accident may leave you temporarily incapacitated and your business and personal affairs in chaos. It may be necessary to go through costly and time-consuming court procedures to have a court appointed guardian or attorney granted authority to act in your place.



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