Monday, June 8, 2015

Living Probate

Wes was 52, at the pinnacle of his career as a corporate executive.  But tragedy was lurking around the corner, and an unusual rock-climbing accident cost him not his life, but rather certain key parts of his brain function.

His superior memory for details was gone, and so was most of his ability to analyze and process the world around him.  He turned into a troubled old man almost overnight. 

His daughter, Meg, mourned as she clearly saw what the doctors told her.  Her father was now incompetent to take care of himself; he couldn’t pay his bills, remember how to get to the corner grocery store, or even count his change.

So Meg realized she, his only child, should take care of him.  But then she discovered she would have to go to probate court in order to be able to pay his bills with his own money. 

Since she cannot pay his bills without his money (she’s not at the pinnacle of her career yet, not to mention her children’s needs), Meg has to enter into a living probate for her father and be officially named his guardian, which is just a start of the necessary court proceedings.

Estate planning isn’t only for death situations.  It can help prevent court proceedings during life, too.  To plan for your future, call our office at (815) 436-1996 for an appointment.

© 2015 Gruber Law Office, Ltd

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