TO ALL RETIREES AND FUTURE MEMBERS OF THE FIRE AND POLICE HEALTH FUND.
JUNE 1, 2023
This report is the continuance of the May report, which dealt with Wills and Estates. At that time, we discussed the necessity to protect a person’s assets that will eventually pass or have passed into the realm of God.
Besides having a Will, we need to have some other instruments that are necessary to protect the assets and make it easy for the loved ones we leave behind.
The instruments that I mentioned to complete the Will and other arrangements at the time of passing are as follows:
1. Statute durable power of attorney
2. A medical power of attorney
3. Directive to Physicians
4. Directive for disposition of remains
5. Declaration of guardian in the event of incapacity
If you do not have a Will, you do not have an Executor or an Executrix to distribute the dictates of a Will, and you do not know what to do, you should seek help from an Estate Attorney.
I want to repeat that I am not an Attorney, a CPA, or an Estate Planning Guide. I sincerely suggest that you consult with an Attorney to complete a Will. “Group Legal Services.” at (210) 822-7678 specializes in working with Fire Fighters and Police Officers. They are very good people and will take good care of providing any information you may need.
Appointing an Executor or an Executrix is vitally important. An Executor or an Executrix of an estate is responsible for ensuring that the property and assets are distributed in accordance with a person’s Will. An Executor or an Executrix must gather all the decedent’s assets, and all the debts of the decedent. Nothing should be distributed until all the initial assets, including debts and chattel items, have been accounted for.
I do not want to get overly technical about what the duties of Executors or executrices are; it is best to get the assistance of an attorney. I will mention one essential qualification of an Executor’s or an Executrix’s control of the distribution of a Will. An Executor or an Executrix can override a Beneficiary. If you act in the estate’s best interest and as the Will dictates, an Executor or Executrix can override a Beneficiary.
This will probably be the last report I will write about Wills and Estates. However, I have gathered some vital and detailed information that I can send to you if you wish. The report will give you an idea of what steps you should take to prepare for dealing with a death.
In addition, this information could help a loved one prepare their paperwork before death. Finally, there are a lot of telephone numbers in the report that Fire Fighters can call to get immediate assistance. The Police Officers must contact the Police Chief’s office to get help.
I will gladly send you this information if you wish. It is free; there is absolutely no charge. You can send me your email, or you can call me on the telephone. (210)-710-7378. My email is; htre2003@aol.com
Henry Trevino
NO GOOD IS EVER DONE IN THE WORLD BY HESITATION.
(Thomas Huxley)
Moral of the story: “Errrrrrr” means I do not know what to do. Hesitation is an evil that immediately makes you wrong. Do not dwell on deciding; it is either “yes” or “no;” or “right or wrong.” If you are wrong, at least you do not have the lingering thought of, “What if I was right.” On the other hand, if you are right, you can pat yourself on the back and say to yourself, “I knew I was right all time.”
