If you spend the summer in New Hampshire, or somewhere else cool, or the winter in Florida, or somewhere else warm, do you need separate estate planning documents for each state?
Legally, no. Practically, perhaps.
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If you spend the summer in New Hampshire, or somewhere else cool, or the winter in Florida, or somewhere else warm, do you need separate estate planning documents for each state?
Legally, no. Practically, perhaps.
Read MoreTopics: health care proxy, will, durable power of attorney
Why would anyone want to partake in estate planning? It takes time. You have to deal with lawyers. And to talk about your death or disability. It may bring up contentious issues with a spouse or children. It's not urgent, since nothing is likely to happen to you tomorrow, or even in the next few years. It costs money.
So, why should you take time out of your busy life to commit to estate planning? The answer is that there are few other simple steps you can take that will could have as great an impact on your family's welfare. The cost-benefit trade off is tremendous.
Read MoreTopics: will, health care proxy, durable power of attorney, HIPAA release, revocable trust
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