The majority of Americans don’t have a Will, but you may be one of those people who know the value of sound planning and have a Will. Congratulations! Some people consult a local attorney who can make specific recommendations and who knows the local law regarding probate and estate administration. The attorney has years of…
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Many of us take for granted that our home will always be where we live. For our elderly population though, there often comes a time when they can no longer live independently, and decisions have to be made about where to live where help is available. “Aging in Place” is the term given to the…
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That’s right. Long before the first drop fell, Noah was hard at work, anticipating what was to come. Sure, he had divine knowledge of what the future held- he knew the rain was coming and a gully-washer was expected. He didn’t need for it to cloud up before he got to work. He knew it…
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Are your parents facing overwhelming debt? The debt could be from medical expenses. It could be from the high cost of living. It could be because a family-member committed elder financial abuse. Regardless of the reason, living on a fixed-income is tough. They don’t need the added stress of collection agencies nagging them. First, the…
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I recently summarized what the process of probate is and when it is required here in Alabama. This week I wanted to delve a little deeper into the process and discuss duties and a timeline of events. Last week I wrote Part Two, which detailed PROBATE, IF THERE IS A WILL. This week I will…
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Last week I summarized what the process of probate is and when it is required here in Alabama. This week I wanted to delve a little deeper into the process and discuss duties and a timeline of events. I will divide this into two parts: One, IF THERE IS A WILL(today’s installment), and Two, IF…
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This is a very common situation and one that we answer questions about regularly. Don’t assume that you know the right answer! Unless you graduated from law school, passed the Bar and practice law in the probate area, chances are you might be mistaken! When a person dies, usually they leave something behind, called their…
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It is strange but the incidence of people dying goes up, way up, during the holidays! A combination of factors plays into this statistic. People drive more during the holidays. People drink more. People eat more food than normal, some of it unhealthy. People put off going to their doctors when they have weird symptoms…
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Non-stop business knowledge Get more on The Bloomberg App For some, it means liberation. For others, loss. For women in particular, the doubling of the divorce rate for the 50-plus crowd since the 1990s can mean something far more prosaic: a need to shoulder the big financial decisions they’d let their spouses deal with when…
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Last week I explained the term “Mind the Gap” and where it came from and how it also applies to estate planning. This week I will do as promised and explain to you how you can “mind the gap” in the estate planning process so the entire ordeal will be minimized for your family. “The…
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