A Financial Power of Attorney and Health Care Power of Attorney are two very important estate planning documents. Without such powers in place, an individual is open to a guardianship action in the event of an accident, prolonged illness or mental incapacity. Guardianships can be costly and may work against any planning the individual has already done. The likelihood of illness … [Read more...] about Powers of attorney: The estate planning tools every adult should have
Jennifer R. Imediegwu
What is estate planning and why is it relevant to the African American community?
When people think of estate planning, there is a flurry of misconceived notions that often dance around one’s mind. A common misconception is, “I don’t have an estate.” It’s common to think “rich people” have an estate, but the “average person” does not. The truth is that everyone has an estate, the only difference is size. Your estate simply is all the property owned by you at … [Read more...] about What is estate planning and why is it relevant to the African American community?