Your last will and testament is a key component of estate planning. It determines how your property is distributed after you die. However, after the assets detailed in your will have gone through probate and are distributed, what happens to those assets that don’t go through probate? Estate planning covers everything from the probate process to providing clear instructions on what to do in special circumstances. Learn how these together are indications that you need more than a will for estate planning.
Tag: Durable Power of Attorney
I often work with families who need to determine the power of attorney (POA) for themselves or a loved one. I have found that most of the time they are unsure of what a POA does, or how to choose the right person for this responsibility. It is important to sit down with a trusted elder law representative, so you are comfortable with this document, and all your questions are answered.