Downs Law Firm, P.C.
I have appointed my oldest son as agent using a durable power of attorney form I got on the Internet. I want to be sure he understands his responsibilities if he has to manage my money and pay my bills when I become ill.
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
The best way to ensure that friends and family know your wishes is to email a copy of your living will and health care power of attorney to your decision-makers and use that delivery to tell them how you feel about end of life decisions.
Losing a loved one is very difficult. However, when that person was a hoarder—like roughly 19 million Americans—managing grief while sorting through mountains of stuff is even more challenging.
Unfortunately, credit card debts do not disappear when you die. Your estate, which includes everything you own–your car, home, bank accounts, investments, to name a few–settles your debts using these assets.
The ex-husband of Amy Winehouse is making a $1.4 million legal claim on her estate —eight years after her death.
In addition to the assault on the resident’s dignity and the administration of drugs without informed consent, the misuse of anti-psychotic drugs can kill a senior, particularly one who suffers from dementia.
Congratulations, you have finally signed your estate planning documents. Now, where do you keep them?
It was reported on the news recently that some of Aretha Franklin’s family members have found what they believe to be her will. It was handwritten, stained, and crumpled up in a couch. The courts may or may not choose to honor it, depending on whether or not they are able to verify its authenticity.
In my parents’ trust, they leave each other their share upon death, and then I become trustee when my last parent dies. I’m really concerned about this whole deal.
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