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Casual Articles - Estate - Don't Leave Loved Ones In A Lurch
Remain Competitive in Today’s IT Market…Build a Knowledge Portfolio! Times have changed. The competition here and abroad for jobs is tough, to put it mildly. As a programmer you are going to have to work hard to stay in the rat race – to stay relevant…but how? Take the initiative for your career – for your future Your greatest assets are your knowledge, experiences, and the ability to apply these to developing solutions. Dave Tho
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and no
In many countries around the globe, people are born into their station in life and hence their professions. It is unnecessary for them to plan a career as they are expected to perform one specific job their entire lives. These cultures do not consider personal growth or the possibility of choosing one’s profession.America, on the other hand, was built on self-reinvention, and today’s economy demands it. Those born before 1946 are less likely to have changed careers or even worked for m
When her cancer returned, she had the wisdom and foresight to make sure that there would be proper access to her assets should she become incapacitated and that they would be easily transferred after her death. Those facing a terminal illness are motivated to address these issues. For the rest of us, they are often overlooked.
No one lives forever and mental capacity can quickly diminish, so it is important that you prepare now. Besides, these issues aren’t only for the elderly. One of my clients (an energetic, full-of-life 50 year old) was recently struck by an automobile and killed. Another middle-aged client developed a rare disease and lives in extreme, constant pain requiring heavy medication.
There’s no way to know when or if tragedy might strike, but there are several simple steps we can take to make sure these events don’t create a tremendous burden on ourselves or our loved ones.
A Power of Attorney (POA) allows you to control who manages your financial affairs when you can’t. Think about it. If something were to happen to you today, who would be able to pay your bills and handle your finances for you? If you don’t have a POA in place and up to date, it may be necessary for the courts to step in and name someone as your conservator.
If you don’t have a current POA, get one. If you have one, pull it out and review it to make sure it accurately reflects your desires. If your Power of Attorney is several years old I recommend signing it anew because some institutions hesitate to accept a POA that is several years old.
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and not
As a society we have made changes due to increases in technology. Less Americans are carrying cash today, all because of the now highly used debit cards that are issued with nearly every bank account we open. Prior to this, we had ATM cards which were great in the sense that we were able to always take money out of our bank accounts or deposit money into our accounts from multiple locations at any hour of the day. Now with the increased reliance on Debit Cards, we may be forgetting about the
No one lives forever and mental capacity can quickly diminish, so it is important that you prepare now. Besides, these issues aren’t only for the elderly. One of my clients (an energetic, full-of-life 50 year old) was recently struck by an automobile and killed. Another middle-aged client developed a rare disease and lives in extreme, constant pain requiring heavy medication.
There’s no way to know when or if tragedy might strike, but there are several simple steps we can take to make sure these events don’t create a tremendous burden on ourselves or our loved ones.
A Power of Attorney (POA) allows you to control who manages your financial affairs when you can’t. Think about it. If something were to happen to you today, who would be able to pay your bills and handle your finances for you? If you don’t have a POA in place and up to date, it may be necessary for the courts to step in and name someone as your conservator.
If you don’t have a current POA, get one. If you have one, pull it out and review it to make sure it accurately reflects your desires. If your Power of Attorney is several years old I recommend signing it anew because some institutions hesitate to accept a POA that is several years old.
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and no
I work with a flash game development company. Recently we have made a few business deals, and are now venturing into previously uncharted territory for us, thank you gifts/notes. What, If anything is customary? We also had a contact that helped arrange the deals in the first place. What would be appropriate for him? The gifts are for two different groups. One who we recently signed a contract with, and one who helped us get said contract in the first place. Would it be appropriate to give the
There’s no way to know when or if tragedy might strike, but there are several simple steps we can take to make sure these events don’t create a tremendous burden on ourselves or our loved ones.
A Power of Attorney (POA) allows you to control who manages your financial affairs when you can’t. Think about it. If something were to happen to you today, who would be able to pay your bills and handle your finances for you? If you don’t have a POA in place and up to date, it may be necessary for the courts to step in and name someone as your conservator.
If you don’t have a current POA, get one. If you have one, pull it out and review it to make sure it accurately reflects your desires. If your Power of Attorney is several years old I recommend signing it anew because some institutions hesitate to accept a POA that is several years old.
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and no
Software companies are required to produce lots of software products for their clients. These software products being used for giant organizations such as airlines, banks, financial institutions, big corporate houses and various government bodies, where lots of data being stored and updated every day. IT (Information Technology) software companies in US, Canada and Europe who are taking up these projects require massive investment in infrastructure as well as huge manpower to work on them. If something were to happen to you today, who would be able to pay your bills and handle your finances for you? If you don’t have a POA in place and up to date, it may be necessary for the courts to step in and name someone as your conservator.
If you don’t have a current POA, get one. If you have one, pull it out and review it to make sure it accurately reflects your desires. If your Power of Attorney is several years old I recommend signing it anew because some institutions hesitate to accept a POA that is several years old.
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and no
President Bush in April signed into law The Bankruptcy Abuse and Consumer Protection Act. This bill promises many changes to law, and will make it more difficult for the average person in financial trouble to have debts removed with bankruptcy. Recent social and economic changes indicate that those considering a bankruptcy should do so now, as the queue is getting longer.It will be now be harder to file under Chapter 7 of the code, which allows the courts to wave consumer debt and giv
For instance, one of my client’s in Oregon worked in a financial services office. One day a customer came in to complain. He had a Power of Attorney signed by his mother that was several years old. A bank would not accept it because it was not signed within six months. If your Power of Attorney is over one year old consider having it signed and notarized again.
What about the distribution of your funds after death? You can designate beneficiaries on bank and brokerage accounts using Payable on Death (POD) or Transfer on Death (TOD). After your death, the money will quickly and easily go to the beneficiaries you named. All your heirs have to do is present a certified copy of your death certificate, sign some paperwork and the funds are released. No attorneys, courts or probate.
Believe me, when someone you love has passed away, the last thing you want to do is deal with lawyers, courts and mounds of paperwork. And your loved ones shouldn’t have to. My mother-in-law took advantage of POD and it made life much simpler on her loved ones.
Speaking of beneficiaries, make sure that all of your retirement account and life insurance policy beneficiary designations are up-to-date. Often beneficiaries are named years or even decades before a person’s death. It’s easy to forget to update them as situations and circumstances change.
For instance, your financial situation could change for the better or the worse. Events such as a marriage, divorce, death of a spouse or a falling out with a child might cause you to want to change your beneficiaries. You may need to rethink a beneficiary based on changes in their lives, as well. They could be going through a divorce or become the subject of a lawsuit. The bottom line is to make sure your wishes are reflected and carried out.
Advance planning is something we all know we should do. All too often we put it off for another day. Unfortunately, this is one area of planning that can ONLY be done ahead of time. If you wait until you need it, it’s too late. So don’t put it off. Take care of it today.
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