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Estate Planning

Wednesday, September 23, 2020

Using Trusts in Planning for Beneficiaries with Addictions


September is National Alcohol & Drug Addiction Recovery Month. When you have a family member struggling with addiction, many things can seem more difficult. For instance, have you considered that, for those trying to support a family member struggling with addiction, estate planning can be particularly stressful? Let us discuss how to employ tools, such as trusts, to help plan for beneficiaries struggling with addictions.

When considering your plan for beneficiaries with addictions, there may be several things you should or should not do. For instance, you should think about how to avoid leaving an outright gift.
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Monday, August 24, 2020

3 Good Reasons to Have a Strong Durable Power Of Attorney


Planning for incapacity may not always be on the forefront of our minds.  Have you thought about what will happen should you unexpectedly become incapable of managing your own affairs?  It can be important to confront this question and look at what tools you can put in place to protect yourself in the future. A strong durable power of attorney can be one such tool. Let us discuss three reasons to have a strong durable power of attorney in place.

  1. Accidents happen.
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Tuesday, August 18, 2020

How a Strong Durable Power of Attorney Can Help You and Your Family


A strong durable power of attorney (DPOA) can be a powerful tool in managing financial decisions for those who are unable to do so for themselves. Did you know that “durability” means the authorization remains in effect after the principal is incapacitated? Let us discuss how a strong durable power of attorney can help you and your family. 

 

  • Maintain control of your finances even when you cannot manage them. A strong DPOA appoints someone to manage your financial affairs when you become incapacitated.  

 

  • This estate planning tool can make the transition of decision-making less disruptive.


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Wednesday, February 24, 2016

Welcome to the Reginald A. Rhodes, P.C. Blog

Estate Planning and why it is a must...

What Is Estate Planning?

This is a question everyone should be asking themselves, yet unfortunately many don't and it is a sad situation when someone passes away without one.  Death is something that is not a matter of "if" this happens, but "when" this happens.


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Reginald A. Rhodes, JD, LL.M. has an office in Dothan, AL and serves clients nationwide.



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