Many individuals in California and elsewhere place a high priority on planning for the future. However, in some cases, simply putting a plan into action might not be enough, as certain changes in life could spark a need for adjustment. To avoid any undesirable consequences down the road, a person might find it beneficial to update wills and/or other estate plans should the need arise.
When people in California create a trust, they likely do so to ensure that their estate is distributed according to their wishes. In order for this to happen, they name someone to help facilitate trust administration. However, those with little experience administering a trust can easily become overwhelmed as they attempt to understand their duties and authority and try to ensure that all necessary paperwork is completed in a timely manner.
Adults should have estate plans in place to make their wishes known if they can't make decisions on their own or if they pass away. Some people think that only older adults need to have an estate plan, but this isn't the case.
Many people have heard of a do not resuscitate order. It is one of many health care directives available to California residents who want to have a say in how they die and what, if any, medical interventions are to be utilize to prolong life. Few, however, have heard of a DNH order.
Many California residents are dog lovers. Who can blame them? Dogs can be loyal, loving creatures who are often treated like members of the family. What will happen to these fur babies when their owners die or are no longer able to care for them? Believe it or not, pet trusts can be created so that animals continue to receive all that they need in such situations.
Closing out a loved one's estate in California or elsewhere can be an overwhelming task. There are a lot of little details that require attention, and any mistakes made along the way could cost the executor and beneficiaries in the long run. If probate is necessary, which is likely in most cases, you may not know where to start or what to do. Thankfully, this is not something you have to tackle alone.