On behalf of Scott + Hespen Law, PLLC | Jun 24, 2020 | Estate Planning
You think of writing a will as a way to leave your assets to your children. But have you ever stopped to consider whether or not they even want those assets? Consider the case of one parent who asked their daughter what she wanted. All of the assets were up for grabs...
On behalf of Scott + Hespen Law, PLLC | Jun 16, 2020 | Estate Planning
When you think of a power of attorney, you probably imagine the person who will take care of your affairs by paying bills after you go to a nursing home or when you’re sick in a hospital. This is not the only kind of power of attorney, though. In fact, there are...
On behalf of Scott + Hespen Law, PLLC | Jun 3, 2020 | Estate Planning
You’re writing a will and adding up all your assets. While taking a look at the financial details, you realize just how much you have in debt. Do you need to put those debts into your will or any other part of your estate plan? You do not. The debt does not pass to...
On behalf of Scott + Hespen Law, PLLC | May 20, 2020 | Estate Planning
Most new parents think about planning for the future as establishing a college fund and doing similar activities. They might not think about having to make a plan for what will happen with their children if they pass away. Unfortunately, failing to plan for you and...
On behalf of Scott + Hespen Law, PLLC | May 7, 2020 | Estate Planning
Religion, personal beliefs, previous experiences and ethics can all play a role in how someone feels about certain kinds of medical treatments. Some people might deny blood transfusions on religious grounds, while others may decline organ transplants or heroic...
On behalf of Scott + Hespen Law, PLLC | Apr 29, 2020 | Estate Planning
Have you heard people talking about an upcoming event known as the great wealth transfer? It’s not really an event, per se, but something that is going to slowly take place over the upcoming years. It refers to the passing of wealth from baby boomers to their heirs....
On behalf of Scott + Hespen Law, PLLC | Apr 22, 2020 | Estate Planning
When a loved one dies, it’s always traumatic — even when the death could be reasonably expected. Many times, that person’s survivors are overwhelmed with both grief and confusion. What do they need to do first? What comes next? Here’s a guide that may help. When...
On behalf of Scott + Hespen Law, PLLC | Apr 14, 2020 | Estate Planning
You know that the first step in doing your estate planning is to figure out what your net worth looks like. That starts with simple things, like adding up the money in your bank accounts and investments. Then you move on to tangible assets; for instance, an art...
On behalf of Scott + Hespen Law, PLLC | Mar 31, 2020 | Estate Planning
The fact that most Americans have not done their estate planning is nothing new. It’s been that way for a long time, and you can find many reports claiming that it’s true. However, the way that some people write this off as unimportant is simple: They assume that...
On behalf of Scott + Hespen Law, PLLC | Mar 26, 2020 | Estate Planning
No matter if you’re young and single, estate planning is still a necessity. The worst can happen at any time, and suddenly you’re faced with a life-threatening injury or illness. What happens to your finances then? It’s best to be prepared no matter what age you are...
