Five Reasons You Should Have a Will
Lilac City Law
by mzocher
1y ago
Do you know five reasons you should have a will? It may be uncomfortable to talk about your will. However, it is an essential conversation if you are married, have children, own a business, or possess any number of assets. Let’s explore some of the reasons why adults should have a will. 5 Reasons You… The post Five Reasons You Should Have a Will appeared first on Estate Planning ..read more
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What is a Holographic Will?
Lilac City Law
by Carolyn Magnuson
1y ago
What is a holographic will? A holographic will is a handwritten will signed exclusively by the individual making the will. State laws vary regarding the legality of holographic wills. Some states recognize holographic wills only from active members of the military. Other state probate courts require two witness signatures on a holographic will to confirm… The post What is a Holographic Will? appeared first on Estate Planning ..read more
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Five Reasons You Should Have a Will
Lilac City Law
by Carolyn Magnuson
1y ago
Do you know five reasons you should have a will? It may be uncomfortable to talk about your will. However, it is an essential conversation if you are married, have children, own a business, or possess any number of assets. Let’s explore some of the reasons why adults should have a will. 5 Reasons You… The post Five Reasons You Should Have a Will appeared first on Estate Planning ..read more
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How to Override a Power of Attorney
Lilac City Law
by Herb
2y ago
Medical and financial powers of attorney (POA) are incredibly powerful and versatile documents. They provide the POA holder, or agent, with the ability to make life-or-death decisions on behalf of the person who executed the POA. However, these powers aren’t without limits, and there are several situations in which someone can override a power of… The post How to Override a Power of Attorney appeared first on Lilac City Law ..read more
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Your Guide to Declaring a Guardian for Your Kids in Case You Die
Lilac City Law
by Herb
2y ago
If you are a parent with minor children, one of the most important aspects of your estate plan will be your chosen guardian for your children. This decision is not one to make lightly, and you also need to ensure it is legally set up so that the chosen person gets custody of your children… The post Your Guide to Declaring a Guardian for Your Kids in Case You Die appeared first on Lilac City Law ..read more
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8 Things You Need to Get Ready Before You Write Your Will
Lilac City Law
by Herb
2y ago
The estate planning process allows you to decide what will happen to your assets once you are gone. You may also plan for how to manage your debts and other obligations. If you have children, you can designate someone to serve as their guardian and manage their assets. These may seem like daunting tasks. It… The post 8 Things You Need to Get Ready Before You Write Your Will appeared first on Lilac City Law ..read more
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Can I use a will or trust for my disabled child?
Lilac City Law
by Herb
2y ago
If you have a disabled child, it is only natural to be concerned about the child’s future needs. Fortunately, it is possible to use a will and/or trust to provide for your disabled child in the event of your death. The Importance of Estate Planning Estate planning is an essential consideration for any family, but… The post Can I use a will or trust for my disabled child? appeared first on Lilac City Law ..read more
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Does All Property Have to Go Through Probate When Someone Dies?
Lilac City Law
by Herb
2y ago
During the estate planning process, you must decide how you would like your assets to be distributed after you die. Your last will and testament will name someone to act as your personal representative. The will may contain all of your instructions on what to do with your property, but those instructions must go through… The post Does All Property Have to Go Through Probate When Someone Dies? appeared first on Lilac City Law ..read more
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What Does it Mean to be a Ward of the State
Lilac City Law
by Herb
2y ago
When an adult is unable to care for themselves due to disability or disease, someone else has to manage their affairs. This is often accomplished by appointing a guardian. When no family member is available to become the guardian, the adult who needs care may become a ward of the state. What is a Ward… The post What Does it Mean to be a Ward of the State appeared first on Lilac City Law ..read more
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Understanding Guardianship for Young Adults with Disabilities
Lilac City Law
by Herb
2y ago
As a parent, friend, or family member of a young adult with a disability, you are intimately aware of your loved one’s capabilities and limitations. This person may require assistance in making important decisions that impact their quality of life, health, education, or financial wellbeing, among others. While acting as an informal advisor provides some… The post Understanding Guardianship for Young Adults with Disabilities appeared first on Lilac City Law ..read more
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