Cherry Hill NJ Probate & Estate Administration Law Blog

Thinking about the end of your life on Earth isn't a pleasant thought for most people. One thing that you need to do is ensure that you have things set so that you can be cared for if you aren't able to make decisions on your own. You can handle this situation now by putting powers of attorney designations into your estate plan. We know that it can be challenging to make this type of decision.

You need to set a plan for two areas of your life. One of these is for your finances. This person is going to make all decisions about your money and assets. This can include selling your home, buying a new property, paying your bills and taking care of all other money matters.

Probate litigation is a serious matter that can rip families apart. The issue is that everyone sees the litigious matter as something personal. This can make it difficult for them to think logically about it, which just makes things more difficult to resolve. We understand that you want to ensure that your loved one's wishes are followed, and we are here to help you work toward that goal.

You might think that probate litigation can only occur after a person passes away, but it is possible for it to occur beforehand. Matters that have to do with the advanced directives or powers of attorney designations might have to be handled when the person is unable to speak up for themselves.

The death of a loved one is likely going to have a at 5 impact on your emotions, but you can't forget that there are certain things that have to be done after the death. One of these is dealing with the estate of the person. In the estate plan, there should be an administrator named. This person is responsible for handling a lot of the duties related to closing out the estate. We realize that you probably need time to process your loss, but there are many things that you need to get taken care of for the estate.

The duties of the administrator vary greatly, but they include finding heirs and assets, preparing the final tax return, paying creditors and other similar tasks. These are very necessary, but it is understandable that it might be a lot to handle right now when you are already dealing with your loved one's death.

People who have considerable assets need to think about a plan for what they are going to do if they aren't able to make decisions by themselves. One of the options that you have is to establish a power of attorney designation. This sets up a way for your financial affairs to be handled while you can't make those choices. You just have to make sure that you handle this arrangement in the best manner that meets your needs. We can work with you to make that happen.

You have to be sure that you do this in an appropriate manner. Your power of attorney needs to be set up so that you are able to regain control again if you recover from your incapacitation. This is important since you don't want to have to continue living under someone else's rule once you can make your own decisions again. We can help you ensure that you are protected.