dies would be complete without a discussion of some of the things to consider when death is near: 1) Prepare and/or update Estate Planning Documents. Consider leaving assets in trust for the disabled child, the spend-thrift child or the child experiencing financial difficulties, the child on Medicaid, or the child in a bad marriage.
your attorney for the latest recommendations. 14. A review of the family planning, estate tax planning, and even income tax planning with your attorney and tax advisor may be appropriate once death becomes imminent. Post-Death Considerations The job of the Executor is to make the funeral arrangements, gather the assets, pay the proper debts,
Feb 12, 2019 · estate attorney. Funeral expenses, executor's and attorney's fees have priority over most other claims. 7. File the original of the will with the appropriate court as required by law. Work with an estate attorney to file necessary papers with the court to open probate if necessary. Assets titled in joint tenancy pass to the
stewart w. fleisher practice limited to estate planning administration and probate matters attorney-at-law wells fargo bank building 3333 s. bannock st. SUITE 900 ENGLEWOOD CO 80110 PHONE 303 488-9888 FAX 303 488-9889 WHAT TO DO WHEN SOMEONE DIES This outline is designed to give the family an idea of some of the things which may need to be done when …
It is critical to have powers of attorney in place to ensure that someone can act on your behalf in the event that you become disabled or incapacitated. Medical and financial powers of attorney, a living will, and HIPAA release documents are essential for anyone, regardless of the size of their estate. Read more….
Fleisher Patterson Law helps clients avoid probate, plan for disability, reduce taxes, and protect their children’s inheritance from divorce, creditors, and the IRS. About 60% of our time is spent drafting new estate plans, and 40% on administration. Working with the families of deceased clients is an important part of our practice. With over 30 years of Estate Planning experience, our firm has the knowledge and expertise to create a plan that fits your needs.
Few couples realize that when the first spouse to die leaves his or her estate outright to the surviving spouse, without more, the surviving spouse can always change the ultimate beneficiaries of the couple’s estate. Such changes may be intentional or unintentional, and the children of the first to die, or even the children of both spouses, may be disinherited. The Contract to Will is a superior estate planning tool for protecting the rights of contingent beneficiaries. Read More…
A Will is probably the most common estate planning document. Not only can a Will direct the distribution of your assets upon your death, but it can also name an executor to settle your estate, nominate a person to serve as guardian for minor children, and create trusts for beneficiaries who may be minors or persons on public assistance. Read more…
Living Trusts. A Living Trust allows you to control your assets while you are alive, and then leave them to your beneficiaries upon your death without court action (probate). Because property owned by your trust avoids probate, it can also be used to avoid probate in other states in which you own real estate. Read more….
Trust Administration refers to the trustees’ management of trust property according to the terms and for the benefit of the beneficiaries named within the trust. Trust administration also requires the successor trustee (s) to settle all debts and satisfy his or her liabilities. The trustee must also keep a detailed accounting of all matters related to the trust. Furthermore, it may be necessary and advisable to file an estate tax return regardless of whether the estate is valued at or above the estate tax exemption limit. Read more…
Often the relationship between a business person and a client becomes very close. If the relationship has been a long one, it is likely that both have witnessed important personal milestones in life – such as births of children, graduations, and marriages. In the professional world, the relationship may have saved money, avoided problems or opened up profitable opportunities. As such, as a matter of professional courtesy and respect, expressing condolences to a client or the family members is appropriate.
Though little may be known about the deceased, the sympathy is based upon the relationship shared with the client. (If the deceased was known, it would be appropriate to speak in a way that acknowledges the qualities or characteristics of the deceased.
A gift basket is generally delivered or shipped to the home of the mourning family. When a family is mourning a loss, it is common to provide support and comforting items. Additionally, those who cannot attend the funeral or memorial service may consider sending a sympathy basket or other condolence item to the home.
One of the most customary and traditional ways to express sympathy and offer condolences is by bringing or sending food and condolence baskets to the family members of the deceased. There are several different types of food arrangements, baskets and sympathy gifts ...