Now that we have entered a new year, people are going to be following through on resolutions they made. We would like to suggest that you resolve to plan your estate in 2014 if you are not currently prepared. Majority Go Without Estate Plan Surveys that are periodically conducted consistently find that the majority of American adults have not executed all of the appropriate estate planning documents. Younger adults are more remiss than their older counterparts, but many older people are … [Read more...] about Resolve to Plan Your Estate in 2014
What Is the Difference Between a Limited and a General Power of Attorney?
A comprehensive estate plan will go beyond the transfer of assets after you die. It will also include preparations for the eventualities of aging. Many people become unable to handle their own affairs when they reach an advanced age. A legal device that is used to name a representative to act on your behalf is a power of attorney ("POA"). A particular type of POA is used to account for the possibility of incapacity. Limited and General Powers of Attorney There are different types of powers … [Read more...] about What Is the Difference Between a Limited and a General Power of Attorney?
A New Hobby to Bridge Generations and Create Lasting Memories
Assuring that our loved ones inherit our assets is a key component to effective estate planning. However, one of the most valuable legacies we can leave are memories. Your family will appreciate the assets you pass on, but they will treasure the memories and stories you leave behind even more. Just imagine all the memories you can leave, and the fun you can have with your family and friends, by making photography and archiving precious photos your new hobby. Many of us have boxes or albums … [Read more...] about A New Hobby to Bridge Generations and Create Lasting Memories
Is It Possible to Contest a Trust in San Jose California?
People sometimes hear about the negative circumstances that can arise if you don't take the right steps when you are planning your estate. In a general sense, you may assume that informed individuals create trusts to address special circumstances to avoid these unwanted outcomes. There is a lot of truth in this assumption. The ideal estate planning devices will vary on a case-by-case basis. You don't have to go forward with the idea that a last will is your only choice unless you are very … [Read more...] about Is It Possible to Contest a Trust in San Jose California?
What Does an Executor in San Jose CA Do?
Postmortem planning is part of the equation when you are planning your estate. Leaving behind written instructions is part of the process. However, who is going to follow these instructions? This individual would be the executor if you use a last will to state your final wishes. Duties of Executor in San Jose CA What does the executor actually do? There are numerous different duties that are going to fall into the hands of the executor. The extent of the work will depend on the exact nature of … [Read more...] about What Does an Executor in San Jose CA Do?
Probate in Campbell California: How Long Does It Take?
In Campbell California, probate is a factor when you use a last will to state your final wishes regarding the transfer of property that you owned personally at the time of your death. The movie or television scenario that we have all seen that centers around the "reading of the will" is not accurate in real life. An attorney or executor does not read the will to the heirs and then start writing checks on the spot. In real life, the will must be admitted to probate. The heirs to the estate … [Read more...] about Probate in Campbell California: How Long Does It Take?
Incapacity Planning in San Jose CA: What Is a Guardianship or Conservatorship?
Elder care attorneys assist clients who are preparing for the eventualities of aging. Possible future incapacity would be one of these eventualities. Guardianship or conservatorship proceedings could enter the picture if appropriate preparations have not been made prior to incapacity. Incapacity Planning in San Jose CA California Conservatorship The terms guardianship and conservatorship are used differently in different states. In general, a guardian or conservator handles the affairs of a ward … [Read more...] about Incapacity Planning in San Jose CA: What Is a Guardianship or Conservatorship?
What Is a Transfer on Death Account in San Jose California?
When you get into the subject of estate planning, you will hear about probate avoidance. Those who use a last will to arrange for future asset transfers are setting the stage for a future probate proceeding. The heirs to the estate won't receive their inheritances until the estate has been probated and closed. There are various different drawbacks that go along with the probate process. In general, it is time-consuming, it can be expensive, and it is a public proceeding that strips your family … [Read more...] about What Is a Transfer on Death Account in San Jose California?
What Questions Should I Ask an Elder Care Attorney?
If you have decided that you would like to discuss the future with an elder care attorney, you would do well to make some preparations in advance. In this post we will look at a few of the questions that you may want to ask your elder care attorney. 1.) How do I prepare for long-term care expenses? According to statistics that have been compiled by the United States Department of Health and Human Services, a majority of senior citizens are going to need assistance with their day-to-day … [Read more...] about What Questions Should I Ask an Elder Care Attorney?
Looking for Signs of Encroaching Incapacity
When you are younger, your parents are in charge of making sure that you are okay in every way. Role reversals can be difficult for everyone. However, when your parents start to reach an advanced age, you should be aware of signs that would indicate encroaching incapacity. If you are fortunate enough to have your parents residing close by, you are probably in very frequent contact. Under these circumstances, you would naturally recognize any signs of incapacity that may become … [Read more...] about Looking for Signs of Encroaching Incapacity
