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Home » Families Without an Estate Plan

Families Without an Estate Plan

How will my income tax return get filed?

November 6, 2018 by amsolutions

If you are single, only your Conservator would have that authority.

What happens if my son needs his tuition paid while I’m disabled?

November 6, 2018 by amsolutions

Again, if you haven’t planned, nobody can act for you until the court appoints a Guardian and/or Conservator for you. If bills, such as your son’s tuition, need to be paid in the interim, a friend or family member would have to use their savings or borrow to pay the bill.

What happens if my investments need to be changed quickly due to market conditions or to reflect new circumstances and risk tolerance?

November 6, 2018 by amsolutions

A court would have to appoint a Conservator. Nobody but the Conservator would be able to act for you.

How will my bills get paid?

November 6, 2018 by amsolutions

Your family or friends must go to your local court and have someone appointed your Conservator. Again, this judge probably does not know you and may not appoint the same person you would choose. In the appointment process, people must testify in open court that you do not have the ability to care for yourself. […]

If I have no chance of recovery, will I be kept on life support?

November 6, 2018 by amsolutions

Unless you have planned properly, you probably will be kept on life support. In most states, you will be kept on life support unless there is clear evidence you expressed wishes to the contrary; usually this requires something in writing.

Who will decide medical treatment issues?

November 6, 2018 by amsolutions

Depending on the state, if your family members agree, they can make that decision. However, if family members disagree, you could be back with the local judge getting a Guardian appointed.

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