|Why Do I Attend so Much CLE?
Most years, I attend a minimum of 80 hours of continuing legal education (CLE). I want to make sure I have the cutting edge planning that helps protect my clients and their families. I am always searching for solutions for the things that keep you up at night worrying.
I just got back from 40 hours of CLE on Estate Planning. I learned about exciting new concepts like a Gun Trust. This trust is designed to help my clients who own guns (including family heirlooms) pass these guns to the next generation without violating federal law. There are several categories of people who cannot legally own these firearms. If a trust is not worded properly, the trustee could accidentally violate federal law and face prison time and fines.
Click here to find out more about my CLE experiences.
Types of Ancillary Documents
When many people plan to draft their Last Will and Testament, they often don't take into account any of the supplemental legal documents that bolster their wishes and ensure specific plans are carried out. These are often called ancillary documents for estate planning. Below is a list of all the types of ancillary documents and their purpose. If you already have drafted a Will or are planning to draft a Will, make sure you have not left out of your planning any important ancillary documents needed for your situation.
Durable Power of Attorney
A Durable Power of Attorney allows you to appoint someone to make financial decisions for you if you are unable to make those decisions for yourself. If you become incapacitated, the person you name can take care of financial matters for you. The power of attorney may be general or limited. A general power of attorney will allow the person you name to do anything financial on your behalf. This authority should be only given to someone who you would trust with everything you own. A limited power of attorney can be limited to certain transactions. It is usually used for selling a house.
Visit our blog to learn more about other ancillary documents.
Thank you for the referrals!
Steve & Deb McClanahan