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If the Loved One is dying from a disease or
injury that takes time, he or she may worry about whether their Estate
has been put in proper order.
If a Will, Trust, Power
of Attorney or Health Care Directive have not yet been made, they can
still be done as long as the person is mentally competent to do so and as long as there is
not any undue influence by a family member or friend.
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Some families have
developed (usually over generations) the practice of talking to the
dying person about what he or she wants done about funeral and burial
arrangements and about his or her property. On the other hand, in some
families, such discussions are taboo.
Whatever your family
tradition, a family spokesperson should be designated by the Loved One
or by the family to attend to the final affairs of the dying person.
Here are Ten Things every such "personal representative" should know
about the Loved One.:
- The date and place of his or her birth.
- His or her social security number.
- The children of the dying person from all
marriages and other relationships.
- Location of the Will or Trust documents.
- Location of the safe deposit box.
- Location and account numbers of all bank
accounts, certificates of deposit and the like.
- Location of all insurance policies and
policy numbers (including fraternal and paid-up policies).
- Location of stocks, bonds and other
securities and account numbers.
- Location of all real estate and Property
Identification (PID) Numbers.
- Veteran's identification numbers (if any).
Armed with this information, the personal
representative can get Estate matters concluded with the greatest
efficiency and with the least family disruption.
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At The Time of Death
If
the
Loved One is dying from a disease or injury that takes time, he or
she may worry about whether their Estate has been put in proper order. If a Will, Trust, Power of or ...
[Read More] |
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The
Will
and Probate Court
Probate
Court
provides a cost-effective and efficient process to transfer
ownership of assets from one generation to the next. The Minnesota
Legislature has ...
[Read More] |
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If
There
is no Will
It
is a common misconception that if a person dies without a Will, the
government gets his property. However, the Legislature has decided how
the decedent's assets ...
[Read More] |
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"Despite the pain of the
impending
or recent death, the steps the family
takes can significantly reduce the
later anguish and cost to the family."
Contact our office to request
free
information or to obtain a free, no
obligation consultation by clicking
on the image above and we'll be
pleased to help you.
Or click
here for the contact form.
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