What is a Living Trust

Tags:

• 6 Steps to Creating a Will
• Avoiding Probate with a POD Account
• Being a Power of Attorney is Not Easy
• Benefits of Pre-Planned Funeral
• Can You Inherit Credit Card Debt?
• Checklist: What To Do When Someone Dies
• Common Types Of Trusts
• Depression Rates For Caregivers
• Difference between Medicare and Medicaid
• Does An Executor Get Paid
• Don't Die without a Will
• Durable Power of Attorney for Health Care
• Estate Planning for Beginners
• Financial Toll of Being a Caregiver
• General Power of Attorney Form
• How Many People Die Without a Will?
• How Often Should You Update Your Will
• How to Prepare for the Death of a Loved One
• If You Not Going to Help - Keep Quite!
• Last Will and Testament Form
• Make Your First Will
• Must Read for Siblings of Caregivers
• Sample Last Will and Testament Form
• The Probate Process
• Things Your Executor Will Need to Know
• What Are Video Wills
• What Does an Executor Do?
• What is a Holographic Will?
• When is Probate Necessary?
• Worst Excuses For Not Having A Will

The Worst Excuses For Not Having A Last Will and Testament
What should every adult have, but nearly three quarters do not? The answer-an up-to-date Last Will and Testament. Most people do not have a legal Will because of these top 10 excuses: ">Continued

When is Probate Necessary?
Probate is the court process to determine who receives assets owned by someone who has died. The court appoints a personal representative (or executor) to take charge of the estate, pay all debts and taxes and, ultimately, distribute the remaining assets to the heirs. There are occasions when the probate process can be avoided. This typically happens when assets have been transferred prior to death or proper beneficiary designations have been made such as a POD (Payable on Death). ">Continued

Financial Toll of Being a Caregiver
Caregivers, on average, spend more than $5,500 per year in out-of-pocket expenses. Out-of-pocket expenses for Long-distance caregivers can exceed more than $8,700 per year for incidentals such as transportation, food and supplies. ">Continued

What Happens to Your Debts When You Die?
Several factors determine what happens to your credit card debt after your passing. The main factors to consider are the state in which you live and person who applied for the account. In most cases credit card debt is paid for through the estate of the decedent, meaning that if you have credit card debt at the time of your death, assets held in your estate will be used to pay off the debt. If there is not enough money in the estate to cover credit card bills, the credit card company will end up taking the hit and writing off the unpaid debt. ">Continued

How to Avoid Probate
Probate is the court-supervised process of winding up a decedent’s personal and financial affairs. During probate, a Personal Representative is appointed and charged with collecting the decedent’s assets, paying their bills, and distributing their property to the proper heirs. Having your loved one’s property tied up in probate can be stressful, expensive, and often unnecessary, if you know how to avoid it. ">Continued

Being a Power of Attorney is Not Easy
We all want the best for our loved ones as they age and often times they may need to appoint a Power of Attorney to help handle their affairs. Be aware before you say yes to being a POA. It may be one of the most thankless jobs you will ever perform. It is hard work and time consuming. You will become the whipping boy for the rest of the family who overlooks the fact that you are rarely compensated for all the hours you put in. ">Continued

It’s Never Too Early to Make Your First Will
Everyone needs a Will—whether you’re a young couple just starting out, an established family with valuable assets to protect, or an entrepreneurial business owner with succession on your mind. Whatever stage of life you may be in, it is never not too early to make your first Will.