Podcast – When Estate Duties and Family Duties Collide
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Podcast – When Estate Duties and Family Duties Collide
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In this episode, I look at why estate planning is about much more than writing a will.
I use a common family scenario. Dad has died and leaves everything to Mum. Their three children are executors, Mum now has dementia and lives in a care home, one child has Power of Attorney, and another still lives in the family home.
The problem comes when Mum needs more money for care and the house may need to be sold.
Who comes first? What should the attorney do? What happens to the child living in the property?
This is exactly why we need to think about these issues before we lose the ability to make decisions.
Good planning cannot cover every event, but it can give your family clear direction and help avoid serious disputes later.
Because doing nothing is still a decision.