Murphy & Childers

The Importance of Living Wills and Mental Health POAs

The Importance of Living Wills and Mental Health POAs

Everyone should consider creating a Living Will. Many people understand the need for a basic Will or Power of Attorney, but they often overlook planning for medical decisions while incapacitated. A Living Will allows you to specify your wishes regarding medical...

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Simple Estate Planning

Simple Estate Planning

Something simple that everyone should do is to check and update your beneficiary designations on your life insurance, IRA’s, annuities, and brokerage accounts. Though many people realize the need for good “paperwork” (i.e. Power of Attorney, Will, Trusts, etc.), most...

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Document Retention

We are often asked, “How long should I retain my financial records?” Below is a quick reference for how long documents should be retained: Bank statements – 4 years Capital stock records – permanently Contracts, mortgages, notes, and leases (expired) – 7 years Deeds,...

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