As a caregiver, you take on the emotional struggles of day-to-day life, but you must also deal with the practical, everyday tasks of making sure everything is up and running. If your loved one cannot provide for his or her own personal needs (e.g., dressing, bathing, clothing, medication management) or manage his own financial resources (e.g., pay bills, manage a checkbook), then as a caregiver, you become responsible for all of these tasks.
When a loved one passes away, it is an emotional and stressful time. Unfortunately, while you are still grieving, you do have to face the practicalities of trying to figure out how to settle your family member’s affairs. The hope is that you know exactly where that estate planning binder is; however, if your loved one never did any estate planning, you may be facing probate.
On behalf of Lisa Bryant of The Law Offices of Lisa C. Bryant, Inc. posted in Trust Administration.
Last week, we went over some basic differences between the trust administration and probate processes. This week, we need to go over some terms so that you and your loved ones can understand your legal options for dealing with a deceased family member’s estate.