As we think about the years ahead, the elderly need to consider five big questions. We need answers which are practical, sustainable and safe. We need realistic backup plans.
These three simple steps will help you save on both legal fees and taxes…if you start now. They’ll also help you get your documents organized and stay organized. You’ll pay yourself well for the time you spend by having to pay your estate planning lawyer less. The earlier you start, the more you can do.
Although in Texas probate can be relatively straight-forward, fast and cheap, who can be blamed for wanting to cut expenses further by doing it themselves?
Can you DIY probate in Texas? Maybe.
Who should be executor of your estate? Most people name their spouse or a child. Who you should name depends on what your executor must do. Read more for some of the duties of an executor that will help you decide on who to choose.
We are often flummoxed when we are asked to complete an Advance Directive to Physicians or a Statement of Intent for End of Life or to write a letter of our wishes to attach to a Medical Power of Attorney. What do I want? In what circumstances? What would it mean? At what age and in what circumstances? These questions are important when considering the survival rate after intubation for the elderly.
Why Can’t Dinosaur’s Clap? This riddle usually elicits some head scratching. The answer is simple: dinosaurs can’t clap because they are all dead!
A similar situation arises when there is more than one unprobated estate. Until someone has inherited something, they cannot pass it on – let alone clap.
Read more for ways to handle the unprobated estates.