General Interest Evangeline Giron
THE common perception about probate could be especially daunting- costly, long, emotionally, physically and mentally draining at some point.
Probate is the judicial process that distributes a person’s assets after they die. It makes transferring property simpler by removing any title issues that could arise if you want to sell whatever you’ve been left.
FOR quite a short while, the idea that Michael Jackson passed away without a Will created a frenzy. Personally, I would have thought of it as unfathomable.
Inheritance is the passing on of property, assets and debts after a person dies. In general, inheritances are passed on from parents to children or other family members.
AS PARENTS of two young girls, it was a tough decision for me and my husband to go through. We’ve decided, revised, and re-revised the draft of our Will before we had it finalized.
Choosing a legal guardian for your children can be extremely difficult. Many people don’t have guardians selected simply because choosing the right person is next to impossible. But if you were to die, the court would decide who would raise your children. As difficult as it is to even think about, wouldn’t it be better for you to choose a guardian for your children than a judge who doesn’t know your family?
EARLIER last week, I was called for yet another home visit to prepare and execute a Power of Attorney for an 86- year old lady who was just released from a hospital surgery. While still feasible (with the presence of credible witnesses), this comes to mind at an alarming note as more and more elderly Americans are getting sicker without even a Power of Attorney, much lest, an estate plan.
Whether it’s fear, lack of confidence, or simply lack of proper education on estate planning and the possible financial and emotional turmoil that goes without it, elderly parents need to realize more than ever that an estate plan is a necessity.
FINANCING a college education can be as costly as buying real estate. College and university tuition costs continue to rise, making it next to impossible to attend without some sort of financial assistance.
However, in a competitive job world, a college degree is a necessity, so finding inexpensive ways to get a world class education is the smart way to pay for college.
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