What is the most often ignored basic end of life consideration in your elder law practice? by Kurt R. Bachman
Everyone should eventually plan for the end of life by making sure all end-of-life expenses (funeral, burial, etc.), debts, and assets will be addressed as desired. Inadequate or inaccessible liquidity seems to be the most prevalent culprit either because the deceased did not have enough available resources; or quite often those resources are left outside the estate to beneficiaries who refuse to contribute to those expenses. Planning for end-of-life expenses means making sure your personal representative, executor, or Trustee have clear instructions and access to available funds at death. Otherwise, illiquid assets such as real estate and personal property must […]