Wise Advance Planning By Craig Watson, Texoma LIVING WELL Magazine Back in 2006, Hal and Barbara had an unsettled feeling, but they couldn’t determine why. They were in excellent health. Hal was 85 and Barbara […]
Do I Need a Living Trust?
By Katie D. Whitman, JD, Landmark Bank, Texoma LIVING WELL Magazine
You’ve probably thought about what will happen to your loved ones when you pass away, but have you really thought about the details of how your money will be distributed? What about your house, your car, or your favorite antique dresser? Do you worry that one of your children won’t be able to handle an inheritance? […]
Estate Planning Issues for Women
(and other helpful business hints)
By M. Keywood Deese, Texoma LIVING WELL Magazine
Women, especially mothers, are usually the family member in charge of making sure everyone else takes care of themselves and does what they are supposed to do. […]
Estate Planning for the Family Business
By M. Keywood Deese, Texoma LIVING WELL Magazine
Statistics reflect that over 55% of business owners die without a will, and that only 15% of family owned businesses make it to the second generation. If you want to make sure that your business will succeed you, it is necessary to establish an estate plan to facilitate that process. […]
Key Things to Know About Probate When a Loved One Dies
By Lori A. Leu & Erin W. Peirce, Texas LIVING WELL Magazines
Have you ever heard someone ask whether a Will or an estate has been “probated,” and wondered, “What is probate?” The term “probate” refers to the judicial procedure wherein a Will is proven to be valid. Over time, the term “probate” has evolved to refer to the legal process in which the estate (everything owned at the time of death) of a deceased person, called the “decedent” is administered, whether or not the person had a Will. […]
NAMING YOUR ESTATE REPRESENTATIVES –CONSIDERATIONS AND PITFALLS
Courtesy Bradley & Riley PC, Linn County LIVING WELL Magazine
The estate planning process involves creating documents for management of your financial assets (both during your lifetime and following your death) and creating documents authorizing healthcare decisions while you are alive, but incapacitated. […]
MEDICAL POWER OF ATTORNEY – AN ADVANCE MEDICAL DIRECTIVE
By Ronald Ward, Jr., Ward Law Firm, LIVING WELL Magazine
One day, a loved one may ask you to make medical decisions on their behalf if they are unable to do so. Although you may have heard of a medical power of attorney, you may not know what it is really about. Unlike a durable power of attorney that would grant you authority to make financial decisions on their behalf, a medical power of attorney would grant you broad authority to make medical decisions on their behalf. […]
Have You Received the Best Legal Advice?
By Craig Watson, Texoma LIVING WELL Magazine
Harry is a 78-year-old man whose beloved wife has had dementia for years. The couple’s children, while supportive, do not live near enough to help. […]
Estate and Tax Planning: Approaches & Opportunities in 2012
By Allison E. Evans, Becker & House, Scottsdale LIVING WELL Magazine
As we continue to move forward in 2012, there are a number of favorable federal tax provisions of which any financially-conscious reader should be made aware. Moreover, given that these tax provisions are set to expire at the end of the year, the amount of time to take advantage may be quickly running out. […]
Do It Yourself?
By Miller Davidge, Davidge & Wright, Denton LIVING WELL Magazine
There are many reasons people don’t hire an attorney to prepare their wills and other estate papers. Some people want to keep everything private, and are afraid of disclosure to any third person, even a lawyer. Sometimes people don’t want to appear uneducated (people who have not seen me try and change the oil in my car or program my electric coffee maker). […]
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