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Elder Law and Estate Planning | Knapp Law Firm, PC - Part 16

Category Archives: Elder Law and Estate Planning

What are your thoughts on do-it-yourself wills, revocable trusts, powers of attorneys and health care proxy documents?

Other than living wills and health care powers of attorneys I find most individuals are not well equipped to prepare their own wills, revocable trusts and financial powers of attorneys. But my view is undoubtedly jaded by the fact not a week goes by such that I have to tell someone that their documents do…

My father, actually stepfather, is thinking of appointing me as his durable attorney-in-fact.

What does this require of me? Under a general financial power of attorney you will be appointed to represent your step-father, the principal, with respect to his financial affairs. This means you are in a fiduciary relationship and held to high standards of good faith, fair dealing and undivided loyalty with respect to your father’s…

My life insurance policy will barely cover my funeral

When I die who or what process will be used to pay my debts? When we die a new legal entity emerges, called a “Decedent’s Estate”. Sometimes all assets are held jointly with a spouse and the spouse voluntarily takes care of any outstanding hospital or medical bills, the funeral home and other debts, including…

I have an IRA and depend on it for retirement income

But as my largest asset I want to be sure I can leave it to my three children and avoid probate. What should I do? Individual retirement accounts or IRAs were often overlooked or disregarded when estate planning was undertaken, but as a result of 401k and pension plan rollovers IRAs hold approximately 27% of…

Category Archives: Elder Law and Estate Planning

What are your thoughts on do-it-yourself wills, revocable trusts, powers of attorneys and health care proxy documents?

My father, actually stepfather, is thinking of appointing me as his durable attorney-in-fact.

My life insurance policy will barely cover my funeral

I have an IRA and depend on it for retirement income

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In the State’s discussion on reducing Medicaid funding is there something more South Carolina citizens should know?

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Life Estate Deeds

Category Archives: Elder Law and Estate Planning

Recent Posts

Categories

Archives

More Articles

In the State’s discussion on reducing Medicaid funding is there something more South Carolina citizens should know?

Disabilities

Life Estate Deeds

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