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What is a Power of Attorney?

What is a Power of Attorney?

One important component of a comprehensive estate plan is establishing a Power of Attorney (commonly called POA) that would enable a person to manage your affairs or make decisions on your behalf should you become unable or incapacitated. There are…

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Common Inheritance Pitfalls; Pierce Legal logo appears in lower left

Common Inheritance Pitfalls

Being a beneficiary of a person's estate and receiving an inheritance brings with it mixed emotions after the loss of a loved one. While losing a loved one is heartbreaking, the influx of funds can help ease financial burdens. It…

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Mother and daughter sit on couch discussing estate planning; Pierce Legal logo appears in lower left corner

Estate Planning with Your Parents

Talking to your parents about their will or estate plan, or lack thereof, can be difficult. Many adult children put off having the “dreaded talk” with parents and are unprepared when an unforeseen event like an accident or illness happens.…

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Guardianship of an Elderly Parent

The ability of aging parents to make informed and meaningful decisions is often lost as they age. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or other severe health or…

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Role of Trustees; Pierce Legal logo appears in lower left corner

The Role of Trustees

It is likely that you have questions regarding how you want your assets distributed and who should have that responsibility, regardless of where you are in the estate planning process. A trust can be a great tool in your estate…

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Revise Your Estate Plan After Divorce

An emotional divorce can lead to financial turmoil (especially if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents,…

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The Steps Involved in Probate

An emotional loss like that of a close relative is one of life's most stressful experiences. In addition to the emotional aspect, there is the stress of handling the deceased person's estate and affairs. This part can be especially overwhelming. The…

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Estate Planning and Tax Reform

Adapting to ever-changing federal estate tax laws, gifts, and GST exemptions may require an annual review and amendment of your estate plan. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every year, will default back to…

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