	How to Prepare for the Death of a Loved One
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Why a Living Trust -- Part 2 of 2 Video

Why a Living Trust -- Part 2



Caregiver Articles Life After Caregiving How to Keep Caregiving From Ruining Family Relationships Caregiver Burnout Caregiver Stories 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 Related Videos: Complete Living Trust I Will Be - Avril Lavigne (lyrics) How To Make a Living Will Rematch: LSU Vs. Alabama in BCS Title Game How to Complete a Living Will What is an Advance Directive? As you approach those final weeks or days or hours of your life, what are your wishes about aspects such as keeping you alive on machines or jump-starting your heart so it won't stop? Do you wish to have a respirator breath for you? Or do you want to be fed through a tube threaded down your throat to your stomach? Continued How Many People Die Without a Will? More than half of all adult Americans do not have a will. A 2007 survey indicated that 55% of Americans have yet to prepare a Will. Those figures have remained virtually unchanged since then. 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 Depression Rates Higher For Caregivers A conservative estimate reports that 20% of family caregivers suffer from depression, twice the rate of the general population. 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 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 Important Things Your Family or Executor Will Need to Know Does your family know if you have a Will, and if so, where it's located? How about account numbers and contact information of your lawyer and safety deposit box. Writing these things down now will make it so much easier for the person handling your affairs. ">Continued Here's a Novel Thought - How About Thanking the Caregiver Rather Than Criticizing The vast majority of caregivers put there own lives on hold to assist loved ones without asking for, or receiving a simple thank you. It inevitably happens that those folks who offer the most advice and criticism to the caregiver are those they don't raise a hand to help out. To all the family members who sit idly by and do nothing to help there elderly parents when they reach the golden years: Either help out, or keep your opinion to yourself! ">Continued

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