What happens when your elderly parent dies without an estate plan?

What will happen to your elderly, ailing parent who doesn’t have an estate plan in place? Is a TOD designation enough to avoid probate courts? Why does your parent need a trust with a health care directive and durable power of attorney? What do I need to do after my parent passes away? Other topics include:

• Getting your financial and digital assets in place for your surviving spouse
• Steven in San Leandro calls in to discuss long term care insurance policies
• Wells Fargo investment accounts and Y-shares
• Different levels of diversification

 

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.