One of the biggest things someone can ask you to do is to take on the responsibility of being their medical power of attorney.
When you craft your estate plans, you certainly want your wishes to be followed -- and that means making certain that you don't accidentally invalidate your will.
If the day ever comes when you aren't capable of making decisions for yourself, who do you want to make those decisions for you?
A conservator has a very important legal responsibility in Connecticut. In many ways, there are no more serious obligations, as a conservator agrees to take responsibility for someone who may not even understand what responsibility. Much like parents need to maintain the safety and well-being of their children, conservators often have to do the same with adults who cannot manage their own affairs.
Estate planning can be a big undertaking, but it's an important one. It may seem like an afterthought compared to the stressful buzz of life. However, it can be a wonderful reward for family and other beneficiaries if people take the time and effort to make a plan and check it regularly.
As they age, people often say the world used to be simpler. Sometimes, it is a simple matter of perspective, but it is plainly true in some cases. For example, old age by modern measures was rare in previous centuries, and divorce was nearly unheard of when religious orders had more power in society.
It takes expertise to be a builder, but it also takes the right tools. The wrong implements and materials mean trouble for a home, sooner or later. In the same way, estate planners have to make sure that the right financial instruments are part of their strategy to pass money and property to others.
Many successful people rely on professional help to guide their financial fortunes through life. Why would anyone do differently when it comes to the future of properties and assets when life is coming to an end?
After a lifetime of hard work and tough choices, you would want to be able to choose who benefits from your fortunes. A surviving spouse or children may be at the top of your mind, while you may also want to contribute to charitable organizations or important cultural institutions.
The probate process is costly, time consuming and stressful. Fortunately, you can create an estate plan with the goal of most your assets avoiding the probate process.