Can You Plan for Probate?
The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money.
The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money.
An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
People often overlook critical steps when they are doing their estate planning.
It’s important to include both your health care provider and family members when discussing a living will and the choice to have CPR or do-not-resuscitate (DNR) orders.
How will Tom Brady divide their assets and fortune? Did they sign that prenup?
Advance directives typically consist of a living will and a power of attorney for healthcare.
Unlike a last will and testament, a revocable living trust is effective during your lifetime.
One of the biggest challenges that clients encounter during the process is deciding who to appoint as their trustees, powers of attorney, health care surrogates and executors.
Doing some ‘upstream’ planning now will take the guesswork out of what’s coming your way.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.