Liquidating cd to administer estate 10025 american dating site


10-Oct-2019 02:53

liquidating cd to administer estate-31

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In recent years, we've increasingly seen the field described as "elder care law" and the lawyers as "elder care" attorneys.Elder law or elder care attorneys typically help families: Unlike many other areas of the law, elder law is defined by the needs of the client, rather than a particular field of law.

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.If you're the trustee of a parent's or other family member's estate, it will fall to you to distribute his assets and wrap up his affairs.Depending on the size of the estate, this can be a lengthy process that can take anywhere from six months to two years and involves a lot of work.His will and other estate plan documents will have been drafted applying that state's laws, and you'll need an attorney licensed in that state to lead you through the process.

liquidating cd to administer estate-35

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In many states, like California, having a will and revocable living trust makes the process of administering the estate much easier, as it can be handled outside the court system.

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.



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