Most Health Care Powers of Attorney (also know as Health Care Proxies in some states) are designed to work within the state in which the lawyer drafted them. Many times they contain written references to state specific statutes, such as here in North Carolina. Unfortunately, they may not work in another state when you cross... [Read More]
Tag: families
Constantly Update Your Estate Plan
You must update your Estate Plan, including your Trust and Will, constantly. The reasons you need to update your Estate Plan – Revocable Living Trust, Will, Health Care Powers, etc. – is that three things are always changing: the law, your relationships, and your assets. 1. The law is regularly changing by changes in the... [Read More]
Whitney Houston and Estate Planning – Part 3
As discussed before, right after we hear of the death of a celebrity, we ask, “How?”. Not long after, we ask, “How much money did they leave and to whom?”. Again, Whitney had traveled a troubled road of drug addiction and tough relationships. While alive, she had been separately sued at different times by her... [Read More]
Whitney Houston – Estate Planning Part 2
As we discussed last time, when a well known celebrity dies, after asking “How?”, we ask, “How much did they leave and to whom?” Rumors are that Whitney Houston left a multimillion dollar estate to her only child, an 18 year old daughter. This is an estate that should continue to grow with the sale... [Read More]
Whitney Houston’s Estate Plan Upon Her Unexpected Death
After the sudden death of 48 year old Whitney Houston, some of the first questions asked are: How did she die? What about her family? Some questions that come to mind right after that are: What estate did she leave behind and to whom did she leave it? Then, the informed reader asks: Will her... [Read More]
Forbes Says No. 2 “To Do” Is Get Estate Planning Done
Forbes magazine lists the second most important thing to do in 2012 is to get your Estate Plan properly done. The only item listed ahead of it was “set your goals.” This is from their “12 Financial Resolutions for 2012.” We are six times more likely to become mentally disabled in a given year than... [Read More]
Client and Family Workshop Well Received
“You were in great form” is always a good thing to hear from a client after a presentation to them and their family. Families are home for Thanksgiving, so that is why my clients in my Formal Update Program, The LifePlan System™, are encouraged to attend my worship with their loved ones. We met Saturday... [Read More]