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December 2015 Archives

What's the difference between power of attorney and a living will

There are two basic ways to set up your health care in advance if you're afraid that you won't be able to make decisions in the future. For example, you may be worried that you'll get dementia and have significant memory loss. The two options you have are drafting a living will or setting up a health care power of attorney.

Tips for giving children a significant inheritance

It's often stated that many children who get serious inheritance money--in the millions--end up wasting it, so vast fortunes often don't get down to the third or fourth generation. If you're worried about that happening to your money, there are a few tips that may help.

Estate and gift taxes: What changes are coming in 2016?

Giving and receiving gifts plays a big role during the holidays, whether we are picking them out for loved ones or tearing off wrapping paper to open one for for ourselves. However, some of the most important gifts are those that cannot be picked up at the mall or unwrapped.

Why do I need a durable power of attorney?

This is the time of year when people do a lot of planning. We plan for holiday gatherings, upcoming vacations and what we want to do in the next year. Many people start making financial plans now that the end of this year is right around the corner. You may even start planning a wedding after a holiday engagement. 

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