Does ‘Gray Divorce’ Fit into Estate Planning?

“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.

05/25/22 • by: Goldsmith & Guymon, P.C.

What Happens If You Become Incapacitated?

Many people ask what would happen if they were in the hospital and unable to make their own medical decisions? The answer depends on whether you planned ahead.

05/24/22 • by: Goldsmith & Guymon, P.C.

Does Power of Attorney Perform the Same Way in Every State?

The law sometimes appears to contradict itself. Specifically, the words ‘anything and everything’ do not always legally mean ‘anything and everything’.

05/23/22 • by: Goldsmith & Guymon, P.C.

How Do I Find a Great Elder Law Attorney?

Did you know someone who is 65 today has a 70 percent chance of needing long-care treatment in the future? Even seniors who have saved up for their waning years can find it a challenge to pay for nursing home costs, especially when relying only on Medicare coverage.

05/21/22 • by: Goldsmith & Guymon, P.C.

What Is a Power of Attorney?

A power of attorney is a legal document with which a principal authorizes an agent to act on the principal’s behalf and for the principal’s benefit.

05/20/22 • by: Goldsmith & Guymon, P.C.

Can You Inherit a House with a Mortgage?

Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.

05/18/22 • by: Goldsmith & Guymon, P.C.

Should You Update Your Estate Plan?

Frequent triggers also include changes in the health of executors and guardians; changes in laws, which may impact tax and legal strategies; and changes in state residence, which can also impact planning.

05/17/22 • by: Goldsmith & Guymon, P.C.

Why Is Communication Important in Estate Planning?

For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.

05/13/22 • by: Goldsmith & Guymon, P.C.

How Do I Contest a Will?

Being disinherited or left out of a will is the last thing you want to discover in the wake of losing a loved one. Although it can be very hurtful to not be included, the fact that a person is disinherited does not necessarily indicate foul play.

05/12/22 • by: Goldsmith & Guymon, P.C.