For the Love of Your Family

Articles to LIFT Your Family

Thicke’s Estate Shows Importance of Properly Drafted and Updated Estate Plans

In the 1980s, the late actor Alan Thicke played the wise-but-hip father figure and psychiatrist Dr. Jason Seaver in the sitcom Growing Pains. Following Alan’s sudden death in December 2016, with his children and widow battling over his estate, one can only wonder what sage advice Dr. Seaver would have had for Thicke’s heirs. Alan […]

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Guardianship Questions—In Case A Parent or Loved One Becomes Incapacitated

Whether through illness, injury, or other means, anyone can require a guardian to become appointed if they become mentally incapacitated. In such cases, if there is no estate planning in place (or insufficient planning) to keep family or other loved ones out of court, a guardianship, or conservatorship as it is sometimes called, must be […]

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Safeguard Your Cryptocurrency Assets With Estate Planning

One of the biggest appeals of cryptocurrency, like Bitcoin, is that it is decentralized, unregulated, and anonymous. There are no financial institutions controlling it, and unless you tell someone you own digital currency, it remains a secret. When it comes to estate planning, however, that kind of secrecy can be disastrous. In fact, without the […]

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My mother died with credit card debt. Am I responsible for paying that debt?

Q: My mother recently died with lots of credit card debt. Am I responsible for paying that debt? -Worried Son A: Dear Worried: Unless you’re a co-signer on the credit card, you aren’t responsible for that debt. As with nearly all other creditors, credit card companies cannot force surviving adult children to pay for a […]

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I Don’t Have Kids, So Why Do I Need Estate Planning? Part 2

Last week, we shared the first part of our series on the importance of estate planning for those without children. If you haven’t read it yet, you can do so here. Here in part two, we discuss the other risks involved for those who forego estate planning. Someone will have power over your health care […]

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I Don’t Have Kids, So Why Do I Need Estate Planning? Part 1

It’s a common misconception to think that if you don’t have children, you  don’t need to worry about estate planning. But the fact is, it can be even MORE important to do estate planning if you have no children. Some of the common thoughts behind this mistaken belief may take one of these forms: “If […]

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Ensure the Security of Your Senior Parents’ Identity and Financial Assets

Today, we live in an uber-connected world, where nearly every type of financial transaction—shopping, banking, investment management—can be made online using a computer or mobile device. In light of this, it’s critically important to have the appropriate safeguards in place to reduce the risk of fraud and identity theft, especially for your senior parents. Because […]

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6 Steps to Select and Name the Right Guardians for Your Children—Part 2

Last week, we shared the first part of our series on selecting and naming the right guardians for your children. Here in part two, we discuss the final three steps in the process. 4. Narrow candidate list, and rank your choices When you’ve come up with all of the potential candidates for guardian, narrow down […]

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How does a living will work?

Q: How does a living will work? —Confused A: Dear Confused: Though it can be easy to confuse a “living will” with a “last will and testament” or a “living trust,” these estate planning documents are vastly different. A “last will and testament,” otherwise known as a “will,” directs who will receive your property upon […]

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6 Steps to Select and Name the Right Guardians for Your Children—Part 1

One of your most important responsibilities as a parent is to select and legally document guardians for your children. This doesn’t mean just naming godparents or trusting the grandparents will step in if necessary. It means consciously deciding who would raise your children if you cannot. And then it means legally documenting your choices and […]

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Estate Planning Mistakes Seniors Can’t Afford to Make

Estate planning really should be considered as soon as you acquire your first asset, have a child, or step into adulthood in any truly meaningful way. And yet many of us put it off for far too long, leaving ourselves and our families at risk of getting stuck in the court system in the event […]

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