Why Your Aging Parent Needs a Power of Attorney NOW

Why Your Aging Parent Needs a Power of Attorney NOW

Have you heard that one of the most important estate planning documents may be the durable power of attorney? This document can give a trusted adult the ability to manage the affairs of another, should that individual become incapacitated. If there is not a valid power of attorney in place before becoming incapacitated, then the court may appoint a guardian for the individual, and it may not be who the incapacitated person would have...
Using 529 Savings Plan as an Estate Planning Tool

Using 529 Savings Plan as an Estate Planning Tool

Most people think of a 529 Savings Plan as a college savings program, but did you know that it can be used for much more?  The funds can be used for college tuition, room and board, qualifying education expenses such as books and computers, and even certain elementary school, high school, and graduate school expenses.  A lesser known fact about 529 Plans is that they are also excellent estate planning tools. The beneficiaries of 529...