Tag: Law Office of Nydia Menendez

Estate Planning – Bringing the Elements Together

Nydia Menendez
Estate Planning – Bringing the Elements Together

by Estate Planning Attorney Nydia Menendez We all have an Estate. Estate Planning is the process of designing a plan in advance so that no matter what happens, you are always in control of that Estate. Your Estate includes your person and your assets – your stuff. Should you pass away, what remains are your assets. These comprise your Estate. A proper Estate Plan must also plan for the possibility of incapacity. Statistically, 70% of persons over the age of 65 will experience some form of incapacity during their lifetimes.…

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Is Your Power of Attorney Powerful Enough?

Nydia Menendez
Is Your Power of Attorney Powerful Enough

by Estate Planning Attorney Nydia Menendez A Durable Power of Attorney is a powerful tool that should be part of every Estate Plan. In the right hands it can make the difference between having a voice in our affairs in the event we become disabled or pass away, or not having one if we fail to designate the right person to make these decisions for us. What is a Power of Attorney?  A Power of Attorney is a legal document delegating authority from one person – the “Principal” – to…

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What Are Advance Health Care Directives?

Nydia Menendez
What Are Advance Health Care Directives

by Estate Planning Attorney Nydia Menendez When we start thinking of Estate Planning, we consider documents such as Wills, Trusts and Powers of Attorney. However, people frequently overlook a set of documents which, in my opinion, are the most critical in an Estate Plan: the Advance Health Care Directives. And because they are so important, we deemed it fit to prepare this article.  Why are Advance Health Care Directives Important? The Advance Health Care Directives include three main documents: the Living Will, the Designation of a Health Care Surrogate, and…

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Do I Need a Will or a Trust?

Nydia Menendez
Do I Need a Will or a Trust

by Estate Planning Attorney Nydia Menendez If you have reached a time in life when you are planning for the future, you have most likely have come across two of the most commonly known Estate Planning tools: A Last Will And Testament and A Revocable Living Trust. Both documents provide instructions on how your assets will be distributed when you pass away. However, it is important to know the differences between these two alternatives work and what it means to have one or the other. Having a Last Will Everyone…

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