If you have minor children, consideration must be made for their care in any prudent estate plan. If you are survived by the child’s other parent, this parent will normally take custody upon your death. If they have predeceased you, or extenuating circumstances exist, another guardian should be listed in their place. When you are selecting an … [Read more...]
Young Adults & Estate Planning
The specialty of estate planning is in fact one aspect of elder law, so it is not surprising that it would be categorized out of hand as being something that younger people need not be concerned with. However, this is not entirely true. The minute someone else is depending on you in any way is the minute that estate planning becomes relevant to … [Read more...]
Understanding Guardianship or Conservatorship
Guardianship is a legal process where a court appoints a guardian and provides that individual with the legal power to make decisions for and handle the financial affairs of a person who is incapacitated or is a minor. The person appointed by the court is called a Guardian; the incapacitated person or the minor is called the Ward. Setting up a … [Read more...]
