Why Do I Need an Estate Plan?
Most Popular
•
2m 9s
There are medical and financial responsibilities we must plan to take care of in the event we become mentally or physically incapacitated, or after our death.
If we pass away without a will, state laws govern how our estate is dispersed—this is called intestate probate. Without an estate plan, our family members, the courts, and local state statutes determine what happens to our assets after death.
If we’d like to have control over who manages our estate and where our assets go, it’s best to prepare an estate plan. Creating an estate plan also allows us to nominate guardians for minor children or a spouse, sibling, or another family member unable to care for themselves. Without a plan, someone must apply to the courts to become a guardian.
“The probate process can be arduous. You want to make sure to have these things laid out ahead of time as much as possible to make it easy on your family.”
The more instructions we can prepare ahead of time, the easier the legal process is for our loved ones.
Up Next in Most Popular
-
Week Four | Lent with Fr. Agustino
In this video, Fr. Agustino emphasizes that the gospel readings for the fourth Sunday of Lent—in all three cycles of readings—are centered on learning to trust more in the Lord every day. Fear can often hold us back from trusting in God. Our own life experiences of hurt and disappointment can get...
-
La educación psicológica II
Entre los temas más apreciados por las corrientes psicológicas modernas se encuentra la autoestima, un valor por el cual los individuos se aprecian y valoran ellos mismos sintiendo amor y cariño por sus personas y procesos. Sin embargo, este proceso puede degenerar en desprecio del otro, olvidand...
-
Entrusted with the Feminine Genius – ...
We hear the phrase often, but what is the feminine genius in its essence? Sister Mary Madeline Todd, OP discusses this idea, what it means and what it means to live it out. Recorded at the 2021 GIVEN Institute.
