Kirk Estate Planning

  Especially during this difficult year, many people are thinking about writing a will or creating a trust.   It’s a good instinct because estate plans are truly a gift for you and your loved ones, contributing to family harmony and peace of mind. But a few hurdles can stand in the way of completing this important work, such as uncertainty about which attorney to hire, how much it will cost, or concern that it will be a difficult, complicated process.   While estate plans definitely help maximize the preservation of assets and property for the next generation, it’s good to remember that an estate plan is about more than just money.  Even if you don’t feel like you're "rich," your estate plan serves many other purposes. A complete estate plan allows you to accomplish important goals, for example:    1. Offering guidance to your loved ones during a difficult time. An estate plan will record your wishes in black and white, so that your family membe...

As the school year approaches, it’s important to complete financial and medical powers of attorney (with HIPAA waivers) for your college-aged children. Once a child turns 18, privacy laws prevent parents from accessing that child’s health, education, or financial information unless the child has consented in writing. Amid our current pandemic, this preparation is even more essential. This article has a good breakdown of why these documents are necessary.   I’m happy to discuss it with you if you’d like more information. https://www.consumerreports.org/health-privacy/help-your-college-age-child-in-a-medical-emergency/