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This WSJ article begins with the statement " Times are tough, even for the dead." Yes, the slow economy has brought financial challenges to the funeral industry -- often thought to be recession proof. Sadly, with the increased number of people qualifying for Medicaid, there has been an increase in the number of people who then qualify for a state paid funeral. If you qualify for MA, the State paid....at least it did until the budget crisis hit. While most people do not set out to qualify for MA, this article underscores the importance of having your estate plan in order -- a list of people who should be contacted, and ideally completing the State's Authorization for Final Disposition form. It allows you to appoint a first and second choice for who should coordinate your final disposition....burial or cremation. As I always say, estate planning boils down to taking control.

Did you make a resolution to break free from the majority of Americans who do not have a will in 2011? This time of year I usually get an up tick in phone calls, all from people who say "this is the year I'm going to get a will". Not your usual new years resolution, but all to commonly they are spurred by the caller having a close friend or relative die and leave behind a mess for their loved ones. Vowing not to do the same, they embark on the journey towards creating a will. If you are in the same boat, and are seeking an attorney to assist you, here are a few points to keep in mind in order to find an attorney who you like. Remember, you will be discussing the intimate details of your family structure, finances, and personal goals. You need to open up and bear all in order to get the most sound legal advice. Select your attorney wisely. Get a referral from someone you trust. Do you have an accountant or insurance person who has a style you like? What about a fri...

The other night I had a run-of-the mill conversation with my husband, an electrical engineer, about giving Tylenol to our 5 month old daughter. I said "she is due for another dose in 10 minutes". To which he responded, "10 minutes? -- the tolerance cannot be that tight on a dose of medicine". Then he launched into his reasoning, which is posted on his blog for those interested. Precision -- to him 10 minutes was an absurd limit -- he with the scientist mind. To me, 10 minutes means 10 minutes. As an estate planning attorney, precision is, well precise. Today I had 4 different sets of clients sign their final papers. My job was to orchestrate the signings and to make sure every line was signed and dated -- no omissions, no oversights, precise. Often clients agonize over the wording of a sentence. And yes, wills need to be worded clearly. However, clients often overlook the importance of making sure paperwork is signed and dated properly. No matter how be...