One of the greatest gifts you can give the Valentines in your life is to keep them out of probate court. Probate court can be time consuming, emotionally upsetting and expensive. Not to mention siblings can be vicious to each other when parents are not around to supervise. I have an ongoing probate where my client is doing a great job as administrator and her siblings personally sued her anyway. It is just costing them a fortune in attorney fees. The case was frivolous.
If you have a trust please make sure your bank accounts, money markets and certificates of deposit are in the trust. Do not put your IRA’s in the trust, instead name your beneficiaries and name the trust as the very last beneficiary after your spouse and children.
Is your parent’s estate plan up to date? If you have any questions, please call me at 805.498.0909.