Estate planning is life planning—for you, your children and even your parents. It encompasses many areas such as making sure your assets are fairly and smoothly distributed, allowing you to step in and help aging parents, planning for guardianship for your young children and assisting you through the court process called Probate.
Probate & Trust Administration
If your family has experienced the loss of a family member, I can assist you with the legal process that occurs when a loved one passes away. There are specific processes you must go through to transfer assets from your loved one to their heirs. If they had a will, there is a court process called probate. If they had a living trust, there is a private process of administration that needs to take place, with certain rules and requirements. If you’ve found yourself in the position of having to step up to the role of executor or trustee, you will need the guidance of an attorney.
Helping Elderly Parents
As an adult child of parents who are beginning to lose their memory or ability to care for themselves, you need to know the ways in which you can step in and help. You need to know how and when to take the role of a successor trustee or be added as a trustee to an already existing trust in order to help your parents with their everyday affairs. I can provide you with guidance that allows your parents to maintain their dignity.
Like many people, you may believe that estate planning is just for the wealthy, or that you don’t need to bother with it until you’re older. But estate planning is important even for people without many assets, and especially for those with young children. A properly drafted estate plan can protect your young family in the event the unthinkable happens.
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