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Q: I have my bank accounts set up as payable on death to my children. Why can’t I list my home as payable on death also?
Q: What do you think about putting my home in my son’s name?
This past week, I got a call from a friend. She was getting ready to leave on a vacation the next morning and wanted to talk about the beneficiaries on her life insurance.
Q: My father recently sold his Illinois home and intends to move to Indiana. His will provides that his home goes to my brother. Since he sold his home, should he amend his will? Is there anything else he needs to worry about if he moves to Indiana?
How many of you knew that October is Estate Planning month? Alright, it’s not really estate planning month, but it should be because October is the perfect time to plan your estate.
Q: I want to give a signed copy of my will to each of my kids, but my attorney told me that I should only sign one copy. Why can't I sign more copies if I want them for my kids?
Q: My son is the successor trustee of my trust. He also is on my bank account. Since he is the trustee and on the bank account, is it OK to leave the bank account titled as it is and not in the name of the trust?
Q: I took my mother's power of attorney to my bank but they wouldn't let me access her account because they said it only applied to health care. Why wouldn't they accept this power of attorney and what can I do about it?
Q: I'm having a surgery after the first of the year. If there are complications and it appears I may not make it, can my son use the power of attorney to close my bank accounts? That way he won't have to pay inheritance tax on the money. Is there any reason that he should not do this?
Q: I want to let my son handle all of my estate matters. However, he lives in Michigan. Will that be a problem? Should I ask a friend who lives locally to handle it?
Q: Is it difficult to transfer title to a car after someone dies? Should my mother transfer title to her car now?
Q: Is it a good idea to give copies of my estate planning documents to my children?
Q: Can an annuity in a trust be used to pay bills?
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