One of the most difficult stages of life is dealing with the death of a loved one. There is a huge emotional toll during this time, however there are certain business dealings as well. Among them, is the probate process. Probate is kind of a big, scary concept at first glance.
Have you ever known someone who was unable to manage his or her own affairs due to illness or incapacitation? If so, this person would have benefited from a power of attorney. This estate planning tool can help people protect their personal business affairs when they are unable to do so.
Estate planning involves making arrangements for one's assets prior to death or incapacity. To create an effective estate planning strategy you must account for tax and non-tax related matters. It's important to work with an estate lawyer who can help you with the end of life legal process.