Numerous duties come with holding power of attorney for financial matters and property. In this capacity, you may need to make complex, potentially unpopular decisions that can trigger disputes. And in some cases, someone may accuse you of abusing your power of...
Creating an estate plan is important for every adult. But making one is only the first step in defining and protecting your legacy. You will also want to update an estate plan to preserve your wishes and prevent legal disputes, especially after the following events:...
Several financial issues can arise when a person becomes incapacitated or passes away. In these painful situations, it could be possible that a party unfairly benefits at the expense of others. Thus, there could be concerns of unjust enrichment or self-dealing when a...
Creating an estate plan is crucial in ensuring you protect your assets and preserve your legacy when you are gone. It can be uncomfortable to think about these things, but once you have documented your wishes, you can feel better knowing that you have a plan in place....
A parent falling ill is a devastating experience for any child, even adult children. There can be a host of unexpected issues and obstacles that arise, particularly if a parent’s condition renders them unable to make decisions or take care of themselves.In these...
Naming people to manage your financial and medical affairs if you become incapacitated is one of the most critical components of your estate plan. It ensures that someone you know and trust will step in if you cannot make decisions for yourself. In choosing...
Discussions about end-of-life care, dying and distribution of property can be uncomfortable for many people. People don’t like to think about these things; bringing them up with your parent can feel intrusive and awkward.However, avoiding these discussions can...
Family relationships are complicated, and these complications can become especially evident in the wake of someone’s death. Under such difficult circumstances, the process of distributing his or her assets can bring to light some painful realisations.One such...
When a loved one passes away, perhaps the only thing that can make the event more upsetting is a contentious or lengthy legal process. Having a will in place can avoid many of these and other challenges that can arise during probate and the governance of the...
While a will can incorporate many parts of your estate, it’s important to note that not all properties pass through a will. Some assets can pass outside of a will. As outlined on the Dial-a-law website, there are certain types of ownership or accounts that you...