Providing Everything You Need
With proper estate planning, you can ensure that your assets are allocated to your family and loved ones. When an estate is in proper order, and there is clear documentation as to your wishes, the likelihood of family harmony after your passing is greatly increased. A well-drafted estate plan can provide you with the peace of mind of knowing that assets will go to the designated heirs in an orderly manner upon your passing. Estate planning can also dictate your course of medical care should you become incapacitated or on life support with an advanced healthcare directive.
Dealing with the courts and the property of someone who has died is very complicated. If probate is necessary, someone must come forward to start the process. If there’s a will, the executor named in the will should get the ball rolling. If there’s no will, or the person named to serve as executor isn’t available, then usually a family member asks the court to be appointed as the “administrator” of the estate.
A guardianship is granted when a person is unable to make sound decisions on their own. This could include children who have lost their parents or others who are suffering from a mental illness, deficiency or condition that has incapacitated them.
In these instances, the court will appoint a guardian over the individual, who is referred to as the ward. The guardian is usually authorized to make several life decisions for the ward, such as the location of his or her residence and the type of medical attention that’s required.