Conservatorship vs Guardianship FAQ (With Examples)
Conservatorship agreements grant authority over a mentally incapacitated adult’s financial and medical decisions. Guardianship agreements normally grant authority over an individual’s personal care and well-being. Depending on what state you’re in, a conservatorship agreement may also include similar privileges as guardianship, meaning that the conservator has authority over the incapacitated...
Deductible Funeral Expenses | How Death Affects Taxes
Deductible Funeral Expenses Being the executor or CPA of a will is never easy. You spend a lot of time and money dealing with funeral arrangements while fulfilling the wishes of your loved one. There are expenses from the funeral that are deductible from the estate. Other expenses, such as medical, can also be deducted from your taxes. However, most funeral expenses are not tax...
What Is A Probate And How To Avoid It
Many beneficiaries don’t realize the hoops they may have to jump through after someone’s death. If you’ve never been a beneficiary to an estate you might not know what probate is. Estate attorneys recommended their clients avoid probate as much as possible. In addition to prolonging the grieving process by carrying on the estate process for months and even years, probate takes some of...