Tag Archives: last will and testament

Estate Planning for the Future

If you really want to do your kids a favor, spend some time planning for when you’re gone. Whatever decisions you can make on behalf of your family now will benefit everyone later. Make sure that you have a valid and easy-to-read will and estate plan kept in a secure location.

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Get Advice

Before you scribble who gets what on the back of an envelope, ask friends for a recommendation for an attorney who specializes in trusts and will and do a search for reliable estate planners near me Mission Viejo CA. Avoid confusion later by letting professionals help you get your paperwork in order.

Figure Out What You Have

It’s important to take a thorough inventory of your assets so you know what you’re working with when it comes time to divide everything up. You may want all your heirs to get an equal portion or you may want to set aside special funds for special circumstances such as helping a grandchild pay for school or reserving money for a relative with special needs.

Make Decisions Now

Nobody plans to get infirm or incapable, but dementia and diseases like Alzheimer’s strike without regard to your wishes. Make decisions now about who will hold your power of attorney if you become incompetent. In addition, consider signing a medical directive so loved ones know just how far you’re willing to go with medical care.

Set Money Aside

Investigate your state’s inheritance and estate tax laws so you will know just how much money needs to be set aside to cover those fees. If you don’t, your beneficiaries may end paying a large portion of the money you planned to go to them. Also, prepay your funeral expenses as a final and thoughtful gift to your family.

Nobody likes to talk about death and dying, but it’s much easier to do it when you’re healthy and have a vigorous mind. Act responsibly now to save the heartache for your loved ones later.

3 Reasons You May Need Probate Help

When someone passes away, the debts and assets they left behind typically become the possession of one or more other individuals. When this occurs, the passing of money and property is generally managed by a special court of law called a probate court. Since this can be a costly and time-consuming process, many people find themselves in need of a probate attorney to help them take probate steps for the distribution of the assets and debts once they are gone. Here are three times to find a probate attorney.

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Avoiding Probate

It has become all too common to hear that a will has been contested after someone has passed away. When this occurs, the costs of probate can skyrocket because experts, assessors, and additional court dates are needed. To avoid the long and arduous problems associated with a legal battle, a probate attorney Beaverton OR can help you take steps to make your final wishes valid and binding. This also helps your heirs avoid a probate battle.

Estate Planning

One way to avoid a long probate process for your heirs is to plan for your death. Although many people think of their estate as property and money, there is often much more involved. Your estate may also include business ownership, annuities, and even your children’s guardianship. You never know what the future holds, so it may be wise to be prepared.

Probate Litigation

Although you may trust your heirs to stand by your wishes after you leave this life, time and again that has proven not to be the case. Some heirs lie to insure they become the only one to inherit, while others may deceive when presenting untruthful paperwork to the court. Money can make people act in ways you could never imagine. That is why it is important to talk to a probate lawyer about your wishes.

Don’t leave your estate in the hands of the government for distribution. Trust a probate lawyer to insure your wishes are fulfilled.