People often set up bank accounts or real estate so that they own it jointly with a spouse or other family member. he appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate. Joint property is also perceived to be easy to setup, but joint ownership can also cause unintended consequences and complications.
In this article, get the answer to that question and discover what can really happen if you are relying on state laws to protect your spouse and children.
Since I have become mother, I could not imagine anyone else raising my sons. No one can do that better than me. However, it is very important to take a moment and decide who could be a capable of raising your children if you and their other parent where unable. Without estate planning, the person you believe would be the best candidate may never get appointed as your children's guardian. This list can help you decide who would be the best choice for your children.
Incapacity can be a temporary or permanent disability where you are incapable of making informed decisions about your finances and well-being. Having a comprehensive incapacity plan in place can prevent a court-appointed conservatorship. There are four documents that are crucial to have in place so that your loved ones can avoid court, be prepared, and can most effectively help you during your incapacity.