Attorney-CPA Joe Cordell and co-host Susan Arthur touch upon the will and probate process discussed last week, before they dive into possible conflict that can arise among families regarding estate plans. Joe will explain how courts handle no contest clauses with wills and how many going through the estate planning process will initiate a transfer before the estate plan goes into effect, in an effort to prevent conflict.
He details why a video may be a beneficial medium, in detailing the wishes of the estate plan in many situations. Joe explains that a spousal share entitles a spouse a share of the estate. They talk about the ins and outs of an augmented estate, which is a court consideration of a transfer intended to defraud the marital rights of the surviving spouse.
Joe also breaks down durable Powers of Attorney for health care and how important it is to find the right person to appoint as your agent.