Sharon Ravenscroft Estate Planning Blog

Many of us with grown children, rely heavily on our friends and want to leave a legacy to our friends as much as our children and family. To do this, we can use a trust or even pay on death designations on accounts. "POD" accounts are useful but could create confusion if a friend is listed as a POD but our Wills leave everything to our family. Be

Yes, your financial powers of attorney should be effective upon signing and if you become incapacitated. You want to have your named financial agent to be able to help you without a doctor having to declare you incapacitated. Once someone is declared incapacitated they lose the legal right to change their documents or handle their affairs. It may

Many of my clients wonder if their trust should provide for their grandchildren directly or just their children. If the children are responsible then it is a good idea to leave assets to the children and let them take care of their children (your grandchildren). If the grandchildren are very young, then money will have to be left in trust. This

If you have step-children, then you most certainly want your spouse to have a Will. If your spouse dies without a will, then one-half of the community property will go to the step-children, not the surviving spouse. If the assets are held "with right of survivorship" or a death designation, then the surviving spouse can receive the assets

When we are sick and needing information from our health care provider, sometimes it can be a real challenge to get our call in and get a response back that is helpful. It is that much more difficult if you are SO sick that you can barely call on the phone. This is the reason that a Health Care Power of Attorney is vital. You can give the legal

I find that many couples who think their deed to their home will avoid probate, find out too late that it does not. Even if the other owner is your spouse, you still need the deed to say it is owned "with right of survivorship." Otherwise, if one of you dies, the other will have to go to court and have it probated. In addition, title companies

Same sex couples truly can benefit from estate planning. A trust and powers of attorney can give legal authority to your loved one -- to help you if you are ill, incapacitated or even make sure the loved one receives your assets the way you want. For more information see the article on my website under About Living With People, Domestic Partners

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Mention this blog or my Facebook page and receive 10% discount on fees related to the preparation of estate planning documents. Good through August 31, 2010.

Taking care of your family with the proper will and powers of attorney can give you peace of mind. Make sure the right persons take care of your assets and health care if you are sick, incapacitated or if you die. Now offering a 10% discount through August 31, 2010, on fees related to an estate plan by mentioning this blog, or my Facebook.