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Blog posts tagged with "probate"
Many people satisfy their philanthropic goals through their estate plan, but this requires careful planning to ensure that your charitable intentions are accomplished.
Probate is a court procedure that enables your estate assets to transfer to your heirs. When you pass, the "title" to certain assets cannot transfer to your heirs unless your Will is probated.
Elder law attorneys need to advise clients regarding long-term care planning. This includes financial issues pertaining to how to pay for long-term care and whether lifetime savings can be protected from having to be depleted to pay for long-term care. Planning discussions include long-term care insurance, privately self-insuring to pay for long-term care, obtaining Medicaid benefits, or obtaining Veterans Aid and Attendance benefits to pay for long-term care.
The bottom line for pet estate planning is that four legged friends may be some of your most important possessions while you live, so consider providing for their keep when you are no longer able to care for Fluffy or Fido.