You worry that your parents have not made an estate plan. You saw a report saying that a vast number of Americans have not even written a will. It dawned on you that you have never heard your parents mention writing a will, creating a trust, setting up a medical power of attorney or doing anything else to plan for the end of their lives.
Estate administration: Are Franklin's discovered wills valid?
When a person dies without a will or any other estate planning documents, surviving loved ones can have a difficult time handling the remaining affairs. In some cases, documents may later be discovered that could shed light on estate administration issues, but those documents may not always be the answer surviving loved ones were looking for. In fact, more strife could arise.
Family relationships can make probate more difficult
The death of a loved one can make emotions run high. If a family already has a tendency toward conflict, it may be even more likely that disputes will occur because they are in such an emotional state. In some cases, probate proceedings can become tense due to difficult family relationships.
Funding trusts is a crucial step in the estate-planning process
After San Jose residents spend a substantial amount of time thinking about, creating and executing an estate plan, they often hope that is the end of the process so they can stop thinking about it. For many of the documents included in an estate plan, that could be the case. However, when it comes to trusts, the work is not done after one is created.
