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When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

by Senior Scene | Jan 31, 2023 | Featured Article (03), Financial Advice, General Interest, Legal, Magazine

​ When Does Diminished Capacity Prevent A Person From Creating An Estate Plan? By Attorney Truman Scarborough Before assisting in the preparation of an estate plan, an attorney must determine that the client has “Testamentary Capacity”. This requires a person...
When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

What Happens if a Beneficiary Dies?

by Senior Scene | Dec 31, 2022 | Financial Advice, General Interest, Legal, Magazine, Top Story (B)

​ What Happens if a Beneficiary Dies? By Attorney Truman Scarborough All of our beneficiaries (those who inherit our estates) will someday die. Not planning for what will happen if a beneficiary dies can have unexpected and costly consequences.  In this article we...
When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

Can specific bequests disrupt an estate plan?

by Senior Scene | Nov 30, 2022 | Featured Article (03), Financial Advice, General Interest, Legal, Magazine

​ Can specific bequests disrupt an estate plan? By Attorney Truman Scarborough A specific bequest can be a sum of money, the home, a car, shares of stock, jewelry, etc. that is given to a particular individual. It allows an estate plan to better reflect personal...
Homeless or Affordable Housing?

Homeless or Affordable Housing?

by Senior Scene | Oct 31, 2022 | Community, Financial Advice, General Interest, Magazine, Senior Health, Top Story (C)

  Homeless or Affordable Housing? by Joe Steckler President, Helping Seniors of Brevard   We are past, I hope, the chicken and egg theory, but the point needs to be made that homelessness and affordable housing are two completely different entities. A homeless...
When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

When should a Beneficiary’s inheritance be held in trust?

by Senior Scene | Oct 31, 2022 | Financial Advice, General Interest, Legal, Magazine, Top Story (B)

​ When should a Beneficiary’s inheritance be held in trust? By Attorney Truman Scarborough An inheritance does not need to be distributed directly to a beneficiary. It can be placed in a trust where the funds can be managed and controlled by a trustee for the heir’s...
When Does Diminished Capacity Prevent A Person From Creating An Estate Plan?

Who has to pay the bills when someone dies?

by Senior Scene | Sep 30, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine

​ Who has to pay the bills when someone dies? By Attorney Truman Scarborough No one is obligated to pay a decedent’s debts unless he/she has agreed to be personally responsible. Paying the decedent’s creditors is part of the probate process with beneficiaries of...
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