Will
If all you have is a will, your estate will have to be probated before it passes to your loved ones. A costly, time-consuming and frustrating process that is open to the public, the beneficiaries of... more
If all you have is a will, your estate will have to be probated before it passes to your loved ones. A costly, time-consuming and frustrating process that is open to the public, the beneficiaries of your estate have no access to your assets until the probate court has settled and distributed your estate. Wouldn’t you want your spouse, children and loved ones to have immediate access to your assets in the event you pass away?
Probate courts often freeze assets for months while determining the proper disposition of the estate. It’s a process generally outside of your heirs’ control. Even surviving spouses are often forced to apply to the probate court to use assets in order to pay for living expenses.
Without a proper estate plan, the assets that you worked so hard to earn will be locked up in the courts, rather than made available to your loved ones. An effective estate plan will ensure that your estate will pass to your loved ones outside of probate, in the most timely, cost-efficient and private manner available.
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Questions and Answers
Vanessa Terzian
Estate Planning Attorney
It is never too early to proactively talk about estate planning. I have family meetings with my clients and their children while my clients are in their 50s, so they are young and healthy still. It is always hard to talk about these things when we are in a crisis mode and stress levels as high. If... more
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 346 views
Chris Cooper
Private Fiduciary, Trustee,Conservator, Financial Advisor
The right time is NOW! Why are you waiting?
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 213 views
Chris Cooper
Private Fiduciary, Trustee,Conservator, Financial Advisor
The same legal documents YOU and anyone over the age of 18 needs: Wills, Trusts, Powers of Attorney for business matters, Health Care directives. Do you have yours?
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 164 views
Vanessa Terzian
Estate Planning Attorney
This is a great opportunity to be proactive. There are two essential documents anyone should have that relate to legal and medical issues if one becomes incapacitated:power of attorney for finance: this document names a person or persons to make financial decisions for you in the event you are... more
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 290 views
Chris Cooper
Private Fiduciary, Trustee,Conservator, Financial Advisor
Help to give away her possessions while she is living so there is less fighting over them after she passes. Also, make sure her Will, Trust, and health care orders for Do Not Resuscitate are in order under your state's laws and you know where these documents are.
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 92 views
Vanessa Terzian
Estate Planning Attorney
I am so sorry to hear about your grandmother, but from a legal standpoint, you would want to find out if your grandma has a Advance Health Care Directive (AHCD), which is a legal document that names an agent to make medical decisions on her behalf. You would want to discuss her wishes regarding... more
We at Care Giving Answers strive to provide helpful and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.
- Upvote
- 244 views