Managing an estate can be an overwhelming process. While creating your own estate planning documents now, your goals surely include minimizing your loved ones’ anguish and stress after you pass away. It is critically important to prepare the person you have appointed as your personal representative or executor for the role that they will play. This is because the emotional trauma that is generated by the death of a close family member is all too often accompanied by confusion about the legal and financial steps that survivors must take immediately.
For example, if the spouse who passed away was primarily responsible for all of the family's finances, it can be overwhelming for the surviving spouse to figure out what to do next. Alternatively, if a child has been appointed as a personal representative of their parent’s estate, but the child was previously unaware of the appointment, the child may not know much about the estate itself. This lack of knowledge and preparation undoubtedly will cause a significant amount of wasted time and energy when they have to create the required “inventory” of the estate.
As you can imagine, the time demands of administering an estate, when not prepared to do so, can be problematic in light of the appointed personal representative’s other responsibilities in life, such as family and work obligations. It is important to also consider that administering an estate may require a personal representative to travel to the location of the estate assets. Traveling out of state or even to another part of the state to manage the closing out and handling of probate can be overwhelming.
For all of the above mentioned reasons, it is important to prepare your loved ones for how they will handle your estate administration. These tasks include:
Set aside time to speak with an experienced will and trust estate planning lawyer in MI so that you understand the steps you can take now to minimize your family's challenges in the wake of their loss.
Call (248) 792-9193 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
We respect your privacy. The information you provide will be used to answer your questions or to schedule an appointment if requested.
© Copyrights 2022. Rutkowski Law Firm: Our Asset Protection & Estate Planning Law Firm Office in Bloomfield Hills, MI. All Rights Reserved.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship.