Friday, September 7, 2012
Estate Planning Is Critical
As I have previously discussed numerous times, it is important for a person to create their estate planning documents sooner rather than later. The issues with the estate of Sherman Hemsley provide an excellent example of why that's a good idea. As I have previously discussed, the star of "The Jeffersons" is still not buried because his family is still in a battle over his will and estate. What is particularly unfortunate about this situation is that these problems are common. That is why it is important for a person to have his or her estate planning documents up-to-date, which include: how a person wants to allocate his or her assets, a durable power of attorney, a medical proxy, and an advance directive. As in the case of Sherman Hemsley, a person might want to insert the details surrounding the funeral arrangements and how to pay for the funeral itself.
See THELAW.TV, Why Estate Planning Is Critical For Your Family, DenverLaw.TV, Sept.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
http://lawprofessors.typepad.com/trusts_estates_prof/2012/09/estate-planning-is-critical.html