Estate Planning Basics

How to talk about incapacity and healthcare

How to talk about incapacity and healthcare

We may not like to talk about it, but most of us will reach a point in our lives where we need more help from others to take care of ourselves. Estate Planning Attorney John Roth and Adult Care Expert Karyn Clay talk about incapacity or the physical or mental inability to manage one's affairs and the care options available.

What happens if a parent dies without updating his will or trust to reflect the arrival of a new child?

What happens if a parent dies without updating his will or trust to reflect the arrival of a new child?

The only correct short answer is, “It depends.”  First, it depends on the wording of the deceased parent’s will or trust.  Many such documents specifically provide for after-born children, but many others do not.  Second, it depends on applicable law.  Every state has a statute that is intended to protect the interests of...

What would happen to my property if I died without a will?

What would happen to my property if I died without a will?

Many people die without having designated in a will who should take their property, but that does not necessarily mean that their goals are not accomplished. So-called “will-substitutes” sometimes do the work of a will. The most common will-substitutes are...