by hoodlawkc | Estate Planning
When we talk about helping an elderly parent manage their affairs during their golden years, or wrapping them up after they pass, we often talk about certain practical considerations that fall outside of the strict legalities of wills, trusts, and powers of attorney....
by hoodlawkc | Estate Planning
A power of attorney (POA) is a legal document that allows you to appoint someone else to make decisions on your behalf. This can be especially useful if you become incapacitated or otherwise unable to make decisions for yourself. There are several types of powers of...
by hoodlawkc | Tax Planning, Estate Planning, Tax Law
Grantor Trusts: What are the consequences of the Treasury’s Fiscal Year 2023 Revenue Proposals? [1] What is the Current law? If a grantor creates a revocable trust, or in some cases an irrevocable trust, and retains certain powers regarding the trust or the trust’s...
by hoodlawkc | Business Planning, Estate Planning
What is one item on your to-do list that tends to get the “I’ll do it later” treatment? For many it is getting their affairs in order by getting an estate plan in place. It’s easy to put off estate planning for another year or to think about it later because the...
by hoodlawkc | Estate Planning
When your teenage child goes off to college, they’re taking a major step towards personal and financial independence. Nevertheless, most parents of college graduates can attest that their children didn’t learn “how to adult” overnight. While your child may still look...
by hoodlawkc | Estate Planning
One of the Hood Law Group’s areas of specialty is the focus on a well thought out and structured estate plan to account for the inevitable event of one’s passing. Unfortunately, end of life planning tends to be an area many people tend to “put off” for one reason or...
