Our Estate Planning Blog
If you own a business, you’ve always got plenty to think about: sales, marketing, employees, competition, industry trends and consumer preferences. The list goes on and on.
You can no longer make medical or financial decisions for your children without proper paperwork.
Imagine that tomorrow you suddenly become severely ill or incapacitated. Who would take care of your finances? How would they do it? If you don’t have a durable power of attorney, others, including your spouse, may not be able to conduct all your financial affairs on your behalf.
You should have a candid discussion with your parents about the point at which monitoring would feel intrusive.
Smart estate planning, therefore, includes addressing how to handle digital assets.
However, some want you to believe that you need only purchase a form to have an effective estate plan. Using this form, you are told, can save money and — best of all — the form is valid in all 50 states.