Have you made any plans to distribute your assets and take care of your family, when you die or become incapacitated?
If you’re in a blended family, you’re already aware of the emotional and financial issues involved in your daily life. However, what about the future?
I understand that most people don’t need a living trust because probate is simple in the state, but can having a living trust save you time or money?
When an individual cannot make important decisions for himself or herself, a judge appoints someone called the conservator or guardian to make decisions. The conservator has the legal backing of the court in all decisions, including finances, medical and personal care.
A serious illness can happen at any age, but just 18% of those 55 and older have a living will, power of attorney for health care and a last will and testament, according to a 2019 study by Merrill Lynch Wealth Management. AZ Central’s recent article entitled “What to know about wills and health care…
How can we see if there was a will and if it’s worth pursuing?
The difference between power of attorney and guardianship is a common question asked by adult children. Both roles share a duty to provide care and oversight of medical care and health.
When making a will and testament, it’s important to follow the rules in your state to ensure the will is valid. One of those rules centers on the requirements for witnesses.
It’s possible to make changes to your will after it’s written, including removing or adding an executor, if necessary.
The IRS determined that Prince’s estate is worth $163.2 million, well above the $82.3 million valuation submitted by Comerica Bank & Trust, the estate’s administrator.
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