FAQs About Estate Planning
Q: Is there anywhere I can go to learn the basics about estate planning?
A: Yes, as a matter of fact, Mr. Witry offers seminars with a local funeral home.
Q: What is the probate process?
A: Probate is a legal process that is often required after someone dies. It is handled by the individual named as executor in the deceased’s will. If an executor was not named, another individual will need to ask the court if he or she can be appointed as the estate’s administrator.
Once an executor is named, the individual will need to distribute property designated to the intended persons listed in the will, determine debts that need to be satisfied and pay any applicable taxes.
When everything has been completed, the executor is then responsible to file a final accounting with the court that describes how all of the assets in the estate have been distributed.
Q: What is a HIPAA waiver?
A: A HIPPA waiver is a legal document that an individual can authorize so that their information can be released to a third party.
Q: What is a health care power of attorney?
A: A health care power of attorney is used to give someone else the authority to make decisions on your behalf regarding your health care needs, if you are incapacitated.
Q: What is one of the most common myths people believe about estate planning?
A: They believe that they need a revocable living trust to avoid probate, which is not always true.
Q: What should people know about estate planning?
A: It is important that people are able to order their estate according to their wishes and no one else’s. If you want to make sure that your belongings go to whomever you intend them to go to, then an estate plan is the most effective way to do that.
Working With Clients To Make Informed Decisions About Their Future
It is important for our clients to understand what is necessary to create an estate plan. Working with a qualified attorney like Richard J. Witry, formerly of McCarthy Duffy LLP, will bring peace of mind to clientele so that they are able to protect their legacy for their loved ones. If you would like to learn more about estate planning or would like to sign up for one of our seminars, please call us at 877-344-0588 or contact us online today.