While probate often seems like a dirty word in the estate-planning world, it is an important and necessary process for many estates. It is a way to ensure that the deceased person's final wishes are understood and carried out as closely as possible. This is more likely to happen when a will or other estate plan is in place, and such carefully prepared documents often hasten -- or even bypass -- the process of probate.
The death of a loved one can affect each Arizona resident differently. You may like to look back on your loved one's life with fondness of the loving times you shared together, or you may feel an overwhelming sense of grief that makes it difficult for you to face the situation. Because reactions to death can bring about a variety of feelings, each person may handle their losses in their own ways.
Distributing a loved one's assets after his or her death can come as a bittersweet moment. You will certainly miss your family member immensely, but knowing that you and other individuals may obtain meaningful assets as a reminder of the special person may bring you some comfort. Of course, before any individuals can obtain assets from the remaining estate as dictated in a will, the probate process must finish.
It can be difficult to think about the health care needs that you may face in the future, but it is useful for both you and your family to make the effort to have certain protections in place. By having the appropriate legal documents drafted, you can outline your wishes in case you are incapacitated or unable to make important medical decisions for yourself.
The passing of a loved one can cause much grief to anyone, and you may hope to find some comfort in learning what his or her last wishes may have contained. In many cases, when a deceased family member leaves behind a will or other document relating to an estate plan, surviving family gain a content feeling when their loved one has bequeathed funds or a treasured piece of property to them.
When it comes to creating a full estate plan, one of your questions is likely whether or not you need a trust. The answer is often yes, and that may surprise you.
When it comes to parenting, planning for your kids’ future is an important part of your life. If you’re a parent of a special needs child, how you plan may look a little different, especially when it comes to finances.