On behalf of Scott + Hespen Law, PLLC | Oct 23, 2020 | Estate Planning
From a financial perspective, estate planning with a cabin may seem no different than with your family home. You can leave it to all of your children, allowing them to take on the responsibilities and costs, or you can sell the cabin and leave the money you make in...
On behalf of Scott + Hespen Law, PLLC | Oct 9, 2020 | Estate Planning
Several years ago, you put together estate planning documents that appointed a power of attorney for your health care decisions. You were good friends at the time, and you felt that they’d be best able to represent you if you couldn’t talk to a medical team on your...
On behalf of Scott + Hespen Law, PLLC | Sep 14, 2020 | Estate Planning
One of the saddest things to see is when a previously close family falls out over money. If you die without making a proper estate plan, it increases the possibility that this could happen with your family. These are some steps you can take to reduce the chance of...
On behalf of Scott + Hespen Law, PLLC | Aug 31, 2020 | Estate Planning
When an older adult could have medical needs that exceed the coverage they will receive through Medicare, applying for Medicaid may become necessary. Planning for the potential need to qualify for Medicaid is important for those close to retirement age. If you...
On behalf of Scott + Hespen Law, PLLC | Aug 28, 2020 | Estate Planning
As you set up your estate plan, something that you should think about is who you’d like to have as your health care power of attorney (otherwise known as your health care agent or medical power of attorney). Choosing the right person for this job is essential because...
On behalf of Scott + Hespen Law, PLLC | Aug 3, 2020 | Estate Planning
The unfortunate reality is that there are a lot of estate planning myths out there, and people may accidentally fall for them without even realizing what they are. For instance, maybe you wanted to do your estate planning and you asked a friend for help getting...
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...
