We are now in a global pandemic in which many family caregivers will likely experience the same kind of shock, uncertainty and fear that I did. We worry that COVID-19 may sicken our loved ones or as caregivers that we may somehow bring the virus into our homes. We also fear that we might fall ill and leave our care recipients in need.
All real estate investors need to consider what to do with all of their real estate assets when estate planning. After all, the last thing you want is to have your will end up in probate court, where it could be years before your estate settles. With that in mind, here are some options on how to include real estate investments in your will.
While some celebrities have mustered up a fortune of their own – whether it be through their acting careers or foray into creating signature perfumes – some of Hollywood’s biggest names are actually the heiresses to even bigger players in the entertainment world and beyond.
Sometimes beneficiaries end up not receiving their assets. Beneficiaries often lose out because the estate planning wasn’t done properly, but sometimes another family member contests the decedent’s will.
Aging parents grow stubborn, and researchers are uncovering the reasons why.
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
We found that Covid-19 had a significant impact on Americans’ sense of personal readiness, with 65% saying that coronavirus made them realize the importance of sharing important information with family. Around the same amount of people (64%) noted that planning for the future was more important than ever and half (50%) said the pandemic made them realize how unprepared they were for a serious emergency.
Probate is the court process to distribute someone’s estate after their death, even if there is a will and is notoriously slow in California.
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
Caregiving for a family member can be time-consuming and emotionally draining. It can also be financially draining.
