If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us.

Although every state’s laws and forms vary, most power of attorney forms specify that the agency relationship created by a power of attorney ends upon a person’s death.

Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.

Some assets transfer directly to heirs after a person’s death. Other assets must go through a process known as probate.

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects patients’ privacy.

Creating a spendthrift trust for your loved one can limit their spending and your protect wealth. While this type of trust may come at the expense of their autonomy, it can provide them with greater financial security.

If you wish to maintain control during your lifetime over the assets you place in a trust, you may choose to establish a revocable, or “living” trust – most likely, along with a pour over will.

While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.

Powers of attorney that only allow an agent to do certain things are commonly referred to as a limited power of attorney.

If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously.