Tag Archives: Estate Planning

Estate Planning for Real Estate Assets

When estate planning for real estate assets, you should consider choosing an entity that will provide sufficient liability protection, protecting yourself against liabilities generated by the real estate, and determining who will manage the real estate after your death. An LLC (limited liability company) is one of the most common used entities to hold real […]

When should you update your estate plan?

Often people feel that once they have completed their estate planning documents there is no need to review the plan. Failing to periodically review your estate plan can result in unintended consequences that do not accomplish your intended goals. Best practice is to review your documents annually and upon the occurrence of major life events. […]

Estate Planning Tool: Reversionary annuities; A guaranteed lifetime income to beneficiaries

A growing concern amongst retirees and those close to retirement is the ability to care for their survivors. When it comes to providing benefits for survivors, life insurance and annuities are great estate- planning tools. Upon the death of the insured, beneficiaries avoid probate, receive immediate payment and the proceeds can be protected from creditors. […]

HIPAA Authorization vs. Health Care Power of Attorney: Why do I need a HIPAA Authorization?

The Health Insurance Portability and Accountability Act (HIPAA), is a Federal law that requires the establishment of standards to protect the privacy of patients’ health care information. HIPAA limits health care providers and insurance companies from sharing protected health information with third parties. A HIPAA authorization allows you to name an individual who can have […]