If you are in the difficult situation where you need to disinherit someone, it can be difficult to know where to start. This decision can significantly impact your family and you should not make it lightly. With the help of a legal and financial advisor, you can ensure that your estate goes to the right place.
Do you need to disinherit someone?
Are you ready to be someone's legal guardian?
People can end up needing guardians for all kinds of reasons. An accident could leave your sibling with a head injury that impairs his cognitive skills and puts him in a nursing home. Your mother may develop dementia toward the end of her life and no longer be able to make her own decisions. You may be asked to take on the responsibility for a young niece who suffers from an intellectual disability if her parents pass away.
Why you need a medical power of attorney
A medical power of attorney takes your healthcare decisions out of your own hands and gives them to someone else. You pick that person and name them in the document. Many people choose their adult children, for instance, or someone else they can trust to make decisions with their best interests in mind.
Named someone's executor? Here's what to do now
If you've been named the executor of someone's will, the responsibility you've suddenly been handed may feel overwhelming at first. You can use these guidelines, however, to better understand what's expected and how you need to proceed.