As your parents get older, your family must begin to think about what happens after they pass away. While this is a topic that no one wants to think about, it is necessary if you want to avoid misunderstandings and unnecessary conflict. Estate planning and inheritance may be difficult subjects to bring up to your mom and dad, but the more you all understand, the better.
What you should know about your parents' estate plans
Guardianships can put grandparents back to work
What does it mean to be a guardian? The legal definition in the Constitution State is the adult who is legally responsible for the well-being and upbringing of a child. But the truth of the matter is more than that. Guardians can become beloved members of a new family for a child who is in need of parents.
What is a durable power of attorney?
People may put off making an estate plan for a lot of reasons. They may feel they're too early in life, or they may assume their plans are so simple that they inevitably work in probate. But, just like there is always a reason to avoid estate planning, there is always a good reason for adults to address the subject as soon and as often as possible.
Mediation can solve probate litigation issues
Do you have a dispute over an estate for which you have to go to court? It may be possible to challenge the will in court but it is less likely now than before. If someone went through the trouble of writing a will, then that person hoped to spare you the trouble of a court appearance and the possible rancor of fighting family and friends.
2 key questions to consider about estate planning
When it comes to making decisions about assets and money, what you do not consider can ultimately spell disaster for your loved ones. They may be aware of your verbal wishes regarding what to do with your assets after you die, but without proper legal documentation or a Greenwich estate plan in place, there is no way to ensure they will adhere to them.
People can name their own future conservators
A guardian is normally a person who is legally responsible for someone who is not yet at the legal age of adulthood. Many parents and guardians would agree that their children can seem ready for adult responsibilities well before the age of 18. But some people in Connecticut still need help well past this age.
