You do not have to have a ton of assets to need an Estate Plan. You do need an attorney specializing in this area of law to properly put together any type of plan. An Estate Plan is more than big assets. It is the plan that comes into play when you can no longer. . .
Short Answer: A complication of diseases such as Alzheimer’s Disease is that the person may lack or gradually lose the ability to think clearly. This change affects his or her ability to participate meaningfully in decision making and makes early planning even more important. In my practice, I advise putting together advanced directive documents in. . .
In my practice, I preach about talking to your loved ones about their end of life paperwork and Estate Planning. What I didn’t consider, until I ran across a Facebook post by Brendon Burchard, is what WE lose when a person that has shaped our lives passes away. You may regret not knowing certain things. . .
A love one has passed and now the probate process starts. But where to begin? First let’s define what “Probate” is per the Florida Bar website: “Probate is a court-supervised process for identifying and gathering the assets of a deceased person (decedent), paying the decedent’s debts and distributing the decedent’s assets to his or her. . .
Technology has created new jobs, a new industry, and a new step in estate planning. The days of just gathering just paper documents folder so your love ones can find it when necessary are over. There is one more step – digital assets. Digital assets are commonplace and need to be considered when putting together. . .
When someone passes away, finding all the accounts, insurance policies, and necessary information to close an entire estate can be a monumental search. When I do an Estate Package for a client I put together a binder. This binder contains all the documents of the Estate Plan for convenience, safe keeping, and future review. Yearly. . .
Creating an Estate Plan can be confusing and time consuming if you try to do it on your own. Working with a trusted attorney who understands the law in the state you reside in will drastically cut down on stress and ensure you provide for your beneficiaries. Having the necessary documents in your plan, above. . .
Short Answer: Property left through a Living Trust does not pass through probate. Property left through a Will does go through probate. Probate is the court system designed to wrap up a person’s affairs after their death. Probate can take a long time, be very expensive, and for most estates, can be avoided with a. . .
Short Answer: A health care surrogate is an adult who is appointed to make healthcare decisions for you when you become unable to make them for yourself. Why it’s Important: You are ensuring that your healthcare decisions are in the hands of someone you trust. In the event you reach the point that you are. . .