In this intervoiew, Brian Spitz and lawyer David Munson discuss esttae planning.
Everybody who is alive and who is an adult should have, while they’re living, powers of attorney. They should have a Durable Power of Attorney, which is basically, your financial power of attorney. And they should have a Medical Power of Attorney, one to help make medical decisions and care for somebody.
If you don’t have those powers of attorney, the option is going to be a guardianship, which the court would then be involved and your loved ones in your life, and it definitely costs a lot more than having a power of attorney.
Once a person passes away, prior to doing that, everybody should either have a will or a trust or both. What that allows is that, again, it allows the people that are in charge of your estate or in charge of your trust, to be able to handle your financial affairs and your estate affairs, with less court involvement, less restrictions.
It allows for a clear and simple transition.
For more about David Munson and Estate Planning, visit his website: http://www.davidamunsonpc.com
For more about selling your house quickly for cash or saving money by avoiding probate, visit www.bigstatehomebuyers.com
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