Category: Senior Living & Elder Care

Confused About Estate Planning Terms?

Man using computer laptop confused about estate planning terms

POA, Living Will, Inter Vivos Trust? These are just a few of the confusing terms used in estate planning. Below are some commonly used terms. For the rest, you’ll find a link to a comprehensive estate planning glossary at the end of the article. It may be more than you want to know right now, but when you need it you can always find it in the Wills, Trusts & Estate Plans category at Habilinks Guide. Potential Components of An Estate Plan Estate Planning Documents Beware of “do-it-yourself” forms. Requirements change and vary by state. Do your loved ones a huge favor and do it right. Consult an estate lawyer. Durable Power of Attorney for Finances AKA POA for Finances, Attorney-in-Fact, Power of Attorney for Asset Management, Power of Attorney for Property & Personal Affairs. A legal document that allows someone else to make property and financial decisions on your behalf if you become unable to make them yourself. Irrevocable Trust A trust that cannot be amended or revoked once it is created without the consent of the beneficiaries, trustees and grantors. Pour Over Will A will used in conjunction with a revocable trust to pass title at death to […]

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What Your Family Needs to Know

I’m absolutely thrilled to introduce Habitudes, our new personal records website. Starting with What My Family Should Know and Emergency Information, our mission is to offer the most useful personal record keeping documents on the web. Some of you may remember our original website, with earlier versions of our record keepers. Due to insurmountable technical problems we shut down the site a year ago, determined to create a more user-friendly system for keeping household records. This time we think we got it right. What Makes Habitudes Personal Record Keepers Unique Of course, you could type up personal records yourself, hire an assistant at $20-$60 per hour, buy or subscribe to record keeping software or download other forms. And you can always look for other record keepers. But why waste your time? Few, if any, offer all of these advantages: Download today Easy to use with popular word processors No tricky tech to learn Customizable Printable Shareable Comprehensive Compatible with your devices Attachment friendly No subscription needed What My Family Needs to Know Keeps Vital Info in One Place What My Family Needs to Know isn’t just for the executor of your estate. Running a household, whether it’s just you or […]

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