The costs of not having a Durable General Power of Attorney or
Power of Attorney for Health Care included in your estate litigation are immense. Without these documents in place your family will need to petition the court for conservatorship, which is going to take a lot of time and money. This also holds true if the court decides to appoint their own conservator or guardian to handle your finances.
There are many fees and costs that will be incurred even before the process begins. Some of these costs may include:
- Court cost for filing the initial petition for determining capacity.
- Attorney's fees for filing the determine capacity petition.
- Medical professional witness fees.
- Court appointed attorney fees.
- Costs associated with notifying family members of the legal proceedings.
Other costs that may be incurred after the guardianship is established could include:
- The guardian or conservator's attorney fees.
- The ward's attorney fees.
- Yearly accounting fees for an account of ward's assets to the court.
- And general court fees.
Making the right estate plans now with the help of a professional Los Angeles estate litigation Lawyer may save yourself and family a lot of these costs and unnecessary heartaches.
*This blog entry was not written by an Attorney and should not be constituted as professional legal advice.