Liquidating cd to administer estate
And she finds that some people like having tasks to do -- it helps them cope with their loss.
The firs t thing to do is get a copy of the deceased's estate plan documents, including the will and trust, if one exists.
In California, this applies only if the value of the assets, excluding retirement assets, trust assets, and joint tenancy assets, is greater than 0,000.
The specialty of "elder law" evolved in the 1980s as it became increasingly clear that the complicated legal issues confronting seniors - in particular qualifying for Medicaid coverage of long-term care - were beyond the expertise of general-practice attorneys.
Ideally, this will be the same attorney who drafted the will and established his revocable living trust.
"The sooner you get started, the sooner it's over," Friedman says.
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