
Estate Planning and Probate Planning
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.
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.
According to the American Association of Retired Persons (AARP), roughly 50% of those aged 65 will need long-term care (LTC) one day. Long-term care insurance covers things not normally covered by regular medical insurance. This includes nursing home, assisted living or home care for those who need it, due to chronic conditions like dementia or other disabilities.
So, you’ve decided that a family member won’t be getting an inheritance, after all. Maybe you have an ungrateful or irresponsible family member you want to cut out of the will.
I am currently married but I purchased a home from my mother before my marriage. I added my younger sister to the deed at the time of purchase, so the house would remain in the family if something happened to me. I have been paying the mortgage and bills myself for three years now. However, now that I’m married to a great woman, who would get the house when I die?
Life insurance may play a vital role in an estate plan, because insurance proceeds can be counted on to provide liquidity when it’s needed.
As you plan how you will leave your estate, it is important to your family’s future that you leave a legacy with well-executed documents. It’s also essential that you understand all of the roles of the people involved in your estate, especially the person or organization who will manage your estate.
The possibility that a power of attorney might be rejected may be one reason not to simply pull a form off the internet and hope it will be accepted.
It’s never too early to start working on how your things will be handled, once you pass away.
Aurora Professional Building
1402 S. Elliott Ave., Suite F
Aurora, Missouri 65605
Copyright © 2023 Ozarks Legacy Law. All rights reserved. Some artwork provided under license agreement.