Steps for the Personal Representative

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It can be overwhelming when a loved one passes away. The following steps are written as a guide for the next of kin or personal representative of the decedent. Although they are ordered, many of these tasks can be undertaken at the same time. For example, the first steps in administrative tasks can be taken the same day as the first steps in funeral arrangements.

Immediate tasks

  1. Lock the decedent’s real estate premises to keep contents secure.
  2. Prepare a team to help you ...
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We Love Professional Guardians

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Is Grandma no longer financially capable? Does Uncle Edwin need someone to take over his financial affairs? At Your Caring Law Firm, we recognize that our elders are living longer, and may need help paying bills and handling their assets as they age. We also are big fans of professional guardians.

Many of our clients need to choose a true professional guardian. Here are some helpful hints.

What Makes a True Professional Guardian

Few professions allow you to completely take over someone else’s ...

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It’s National Data Privacy Day. Take a moment to think about your private data after you “get on the bus”

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The kerfuffle about Facebook using and sharing our data is one reason why we have a national – and international – Data Privacy Day. Last year on Data Privacy Day, LinkedIn live-streamed a ‘bootcamp’, and leading social media gurus and Silicon Valley players discussed how they support data privacy – even though it seems they continue to find new and exciting ways to sell our information. Privacy safeguards seem to arise after digital and social innovations, so it may surprise ...

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Clear-sighted Planning

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I want to share a story of a couple that is approaching the next season of their lives with a refreshingly prudent look at their coming years. When they left our office, I felt inspired and couldn’t help but think that if more adults would look at their aging rationally while they were young enough to really see the road ahead, how much better off so many families would be.

The marketplace is flooded with advertisements for products which claim to ...

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Are You a Senior? Celebrate!

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The secret of staying young is to live honestly, eat slowly, and lie about your age. – Lucille Ball

Sage advice.

My mother lied about her age starting in the 1940s. Her sister was four years older, and had started lying about her age, and all of a sudden, my Aunt Marianna was younger than my mother, so my mother began lying to keep up. When my mom was 89, she had a “special friend,” a lovely man who was 91. “He ...

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The Neighbor is Herding Your Cats

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What happens without a will or trust for your pets, or plans for them?

I was on vacation a little while ago when I received a call from Orange County Animal Services, notifying me that I had come into possession of four cats. I like cats. But I’m allergic to them. And after that thought, my next thought was, is this a new thing that shelters are trying out, their own version of Publisher’s Clearing House awards? How am I so ...

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A Will or Trust? It’s Not About the Size of Your Estate

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When I use the word “trust” in a consultation, people often quickly tell me that they don’t have enough money or assets to require a trust. This is a common misconception, that a trust requires a vast estate. Perhaps we owe that to the word “trust” conjuring up visions of large philanthropic organizations that operate exclusively out of a trust, or “trust fund babies.”

In fact, a trust can often cost much less in administrative fees, on the back end, to ...

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Financial Education Resources for National Financial Awareness Day

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Financial Education Resources for National Financial Awareness Day
Posted on: August 14, 2018
By Mary Merrell Bailey, Esq., CPA MBA MSTax MSAccounting

One of my passions is financial education. As a CPA and estate planning attorney, I believe financial education is one of the most important parts of education. It literally can change your life.

A Chinese proverb pertains to financial planning. “The best time to plant a tree was 20 years ago. The second best time is now.” No matter where ...

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Caregiving for Loved Ones – Life Care Professionals are a Beacon of Hope

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Caregiving for Loved Ones – Life Care Professionals are a Beacon of Hope
Posted on: August 2, 2018
By Mary Merrell Bailey, Esq., CPA MBA MSTax MSAccounting

This heartbreaking article, ‘Invisible workforce’ of caregivers is wearing out as boomers age, is devastatingly accurate. I – and many of my clients – have had to make similar, difficult choices.

Many adults find it necessary to reduce their working hours and rearrange their lives in order to care for ill or aging loved ...

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