Category: Will
A will can prevent a tough situation from occurring. There is a type of estate scenario that is described in the My San Antonio article, “Using power of attorney in daughter’s estate“, that demonstrates the importance of having a will, no matter how old you are. The challenge is untangling a house title, a mortgage […]
Planning ahead can make the problem easier to handle. When parents have passed away, there are many challenges that heirs could face, including the condition of the home to the pain of selling the family homestead, according to The Washington Post in “With proper planning, selling a parent’s house can be a relatively painless process“. […]
What is a power of attorney and what is the purpose? We all like to make our own decisions but unfortunately, there may come a time when we cannot. That is when a power of attorney becomes critical, according to Lancaster Online in “Why you’re never too young for a power of attorney“. A power […]
When everyone is comfortable, it is time to move forward with discussion. The key to learning about the financial plans of your parents is to ask for advice on your plans and then ask about their plans, according to “Ask your folks about their financial plans“. Start by explaining your own plan, how you’ve decided […]
Don’t procrastinate on some of the larger issues in life. It is often easy to become wrapped up in the day-to-day issues of everyday life. However, it is important to note that if you don’t plan on what will become of your assets, then the laws of your state of residence will step in and […]
The next generation may be willing to continue. However, it is important to prepare for the legal issues. If it turns out that the next generation of a family with a farm wants to work it, you have a good start at succession. However, you will also need an estate plan to tackle that job, […]
Do your loved ones know what your want? There is simply no way to know when a sudden health event or an accident could render a person unable to communicate, according to The Advocate in “If you were on death’s door, what happens next? Advance care directives can make sure your wishes are carried out“. […]
You will need an executor. The position needs considerable thought before making that decision. There are many questions asked of potential executors, including are you willing to take on such a role and are you comfortable with accepting the role, according to The Huntsville Item in “Role of an executor“. Sometimes a person is confused […]
Rights can become complicated, if there is no estate plan or will. If you and your partner are an unmarried couple, there’s a good chance you are going to face some difficulties when it comes to medical decisions and legal rights over property, unless you have an estate plan and will, according to the Santa […]
Titling assets through joint tenancy works well, until it doesn’t. Going without an estate plan and relying on titling assets through joint tenancy to a surviving spouse can be a workable plan but then again, it can become a nightmare, according to the Santa Cruz Sentinel in “After husband’s death, wife needs to create revocable […]
