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The lack of an estate plan may come to light when an aging parent experiences a medical emergency. As noted by U.S. News, adult children may take steps to establish powers of attorney before their parents develop cognitive impairment. A medical advance directive...
You worked hard to provide for your family, and you want to continue doing so after you die. Gifting money helps you sidestep probate, but how do you go about it the right way? U.S. News & World Report breaks down how to gift money in a way that benefits your...
When someone asks you to serve as his or her personal representative in Florida, you may have to weigh the pros and cons associated with doing so before agreeing to serve in this role. Serving as someone’s personal representative requires a high degree of organization...
When you have a loved one with special needs, your preparation for the future looks unique compared to most families. While it is natural to feel overwhelmed, you can ease your concerns by creating a care plan for after you pass. According to Fidelity, if you are the...
Probate refers to a court process that ensures the proper distribution of assets following a person's death. However, not all estates must go through this legal procedure. You can transfer some types of assets to a new owner without court approval. What assets do not...
Organizing your estate may seem like a daunting task. Yet, with the right information, you can simplify your planning. Not only is it helpful to understand what estate planning entails, but what you will need to get through the process. Planning your estate can help...
Certain assets may pass to your heirs as soon as you die and without going through probate. As described by SmartAsset.com, you may add beneficiaries to your pay-on-death accounts. Heirs noted as beneficiaries may access those accounts by presenting identification and...
When you serve as a personal representative, one of your duties is to make sure that you pay the debts your parent left behind. There are several steps that you need to take to complete this process. You have to notify as many creditors as possible about your parent's...
In Florida, the person who will take charge of your estate upon your death is your personal representative. This person holds a key role in handling what happens with your assets after you die. It is essential to choose the right representative. You will want to be...
Whether you have recently become married or retired from a career, you may feel inspired to get your affairs in order. Creating a comprehensive estate plan may seem overwhelming; however, there are documents you can put in place to make matters easier for your friends...
