When your loved one first approached you about acting as executor of his or her estate, you may not have fully understood what that meant. The person may then have told you that it would involve handling his or her final affairs after death, and because you likely knew that this position held importance to your loved you, you agreed to take on the role. After all, you probably would not have to worry about this duty for some time.
Many situations could necessitate the establishment of guardianship of a minor child. In most cases, a minor has one or two parents to ensure his or her care and make many important decisions regarding education, health care and more. However, in the event that a child does not have a parent present in his or her life or lacks a person to make legal decisions, it may be necessary to explore the benefits of establishing a guardianship.
If you have created a will, you are to be commended. After all, such a small number of people take the time to make any kind of plan that many families face the confusion of probate without knowing what their loved ones wanted for their estates.
Estate planning is a beneficial step for every family, regardless of income level or assets. For some California families, drafting a basic will is enough, while others will need more advanced measures to fully protect their interests. In order to understand the best way to custom-tailor your estate plan, you would be wise to fully consider both your current situation and your long-term needs.
If your parents or other loved ones died without an estate plan, you may remember the frustration and confusion you went through. Perhaps the court appointed a personal representative, and that person did not handle matters the way you know your parents would have wished. You may be determined this will not happen to your family.
There is no doubt that one of the most difficult things someone may ask you to do is to accept the duties as executor of an estate. Often, those tapped for such responsibilities have little or no experience, and they may find the job tedious, time-consuming and overwhelming. You may have been relieved when your parents designated one of your siblings to manage the estate. However, things are not going as you expected.
Do you find yourself in a situation in which you are watching a member of your California family struggle to care for himself or herself, manage finances and simply navigate day-to-day life? This is a truly sad situation, but you may not be totally powerless. There may be legal options by which you can secure the right to care for and make decisions on behalf of your loved one.
Many California residents may look at the probate process with mixed feelings. For some, the proceedings may seem like an unnecessary use of time and money, and others may see it as a beneficial process for closing an estate. Whether your estate will need to go through the process may depend on the specific details regarding your assets and other personal affairs.
Some individuals may find it intimidating to consider what will happen when they are gone, perhaps even more so to plan for it. However, having a plan in place for life's unexpected turns can be exceedingly beneficial, and exploring the available options could help you overcome similar reservations.
It is understandable that you have put off the decision to seek conservatorship of your aging parent. Perhaps you hoped the symptoms were temporary and not signs of dementia or Alzheimer's. Maybe your siblings have balked at the idea, refusing to admit your parent is changing and needs someone to protect his or her interests.