Can You Amend a Power of Attorney?
If the durable power of attorney can’t be transferred, what needs to be done to establish a new durable power of attorney for my aunt despite her mental incapacity?
February 23, 2021
Some Fundamental Responsibilities of an Executor
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.
February 2, 2021
Use a Trust to Protect the Family Farm
The trust is a very useful and flexible tool for estate planning, yet it is probably the most underused estate management technique. A trust is an artificial entity, something like a corporation, created by a document or instrument.
January 28, 2021
There are Pros and Cons to Charitable Trusts
While direct giving has an immediate impact, some individuals may be considering charitable planning strategies that will have a larger and longer-lasting impact not only on charities, but on their own lives or that of their families.
January 21, 2021
Special Needs Plans Need Regular Reviews
Estate planning generally focuses primarily on lifetime protection and post-death distribution of assets. Special needs planning focuses primarily on the individual beneficiary’s lifestyle and care needs.
November 16, 2020
Consider Funding a Trust with Life Insurance
Estate planning is all about ensuring that your wishes are met after your death. All estate plans should include a will and powers of attorney. However, in many cases, a trust has additional benefits beyond what can be accomplished with the will and powers of attorney.
October 14, 2020
Understanding How Trustee Fees Work
When creating an estate plan, it may be necessary to name a trustee to handle your assets.
October 9, 2020
What Should You Look For In A Trustee?
If you decide to leave assets in a trust for your beneficiaries, consider your designation of trustee carefully. The most important person in the trust framework is the trustee, the one responsible for managing trust assets.
September 30, 2020
Different Trusts for Different Estate Planning Needs
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
August 31, 2020
Who Will Care for the Children?
Parents should make sure they have arrangements in place for the care of their minor-aged children, when planning their estates…
July 27, 2020