We are in the business of helping people prepare and plan for the inevitable, so every year we write an article advising our clients about what not to do when it comes to death and disability planning. The mistakes we have seen people make throughout the past 30 years we have been in practice have caused a lot heartache, stress, and money for our clients to correct.
The title of this article is a common misconception that people have about avoiding probate. A person will assume that just because he has been designated as his parent's Agent in his parent's Power of Attorney (POA) that he will have access to his parent's bank account after the parent dies. The person will incorrectly assume that having his name listed on his parent's account will be enough to avoid probate.
For the second time in seven years, our firm was chosen as a finalist for the Better Business Bureau (BBB) Eclipse Integrity Award.
This award is one of the most difficult for a business to receive because of the rigorous process that a business has to go through after being nominated for the award. We estimate that about 40 hours of work went into submitting all of the evidence and substantiation to the BBB to prove that we operate with integrity and abide by strict ethical standards.
Have you heard the saying that planning for death is about one notch above getting a colonoscopy on a person's to do list?
Most people who call our office for estate planning advice assume that getting a Will is the most important activity when doing estate planning. However, based on over 30 years of practice in this specific area of law, we know that the prior assumption is not the always the case.