Estate Planning: Owing More Than You Own
When formulating your estate plan, it is possible to add all your assets and debts and find that you owe more than you own. Don’t panic: here is some helpful advice.
When formulating your estate plan, it is possible to add all your assets and debts and find that you owe more than you own. Don’t panic: here is some helpful advice.
Probate is one of the least understood of court processes. However, it is a procedure that can affect the family and heirs of every mature adult following his or her death.
I always advise my clients to let their family members know that they have done estate planning and where the documents are located. At a minimum … family members must know that planning has been done.
If you die without a will or trust, a court will decide … who will inherit your property. The result could well be contrary to your wishes.
Caring for older people can be a difficult and stress-provoking task. More than two-thirds of elder abuse perpetrators are family members of the victims, typically serving in a caregiving role.