Read the story of Erica Loberg. Her father was an orthodontist and a UCLA School of Dentistry faculty member. After her father died, the decision was to how best to take care of mom. With the siblings having disagreements about taking care of mom, in steps guardianship, conservatorship and nightmares. Erica’s family conservatorship story
Putting things in place, on what to do when you die, can be a daunting task; however, it should still be done. Therefore, make sure you avoid doing the following. -1- Avoid having no will. Or, having a will written in another state. 60% of adults in the U.S. have no will or estate plan. You should do your will today. Your will should be drafted for the state in which you live. An out-of-state will slows the probate process because it does not meet state requirements. It may even be declared invalid. -2- Avoid confusing estate taxes with probate…
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