What is a Living Trust? A living trust is an arrangement under which a trustee holds legal title to property. You can be the trustee on your living trust or you may appoint someone to be the trustee. Many people appoint a family member or spouse as the trustee of their living trust. If you […]
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Living Trusts: What are Some Benefits of Living Trusts?
Power of Attorney vs. Conservatorship
Power of Attorney A Power of Attorney (“POA”) is a legal document in which a Grantor authorizes another individual to act on their behalf. The POA continues if the Grantor becomes incapacitated. However, a Power of Attorney expires when the Grantor dies. The purpose of the POA is to ensure that the Grantor’s financial and […]
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How do I know if an estate goes to probate court?
When a loved one dies, hopefully, that person had taken the time to come up with an estate plan. If they did, that’s great, but the family may still not be sure what to do because estate administration can become a legal process, which can add stress to the family during this difficult time. One […]
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What are the types of conservatorship?
Estate planning is an essential part of everyone’s life but it is also not going to be the same for everyone. Estate planning depends a lot on the individual’s financial situation, their familial situation, and whether any of the beneficiaries have a disability. If the person who is planning their estate has a child or […]
Read MoreDo I have to divide my estate evenly?
When an individual starts their estate plan, they may not be sure what to do or what is considered appropriate when dividing an estate. What is important to know is that you really do have freedom over your estate plan. You don’t have to include anyone in your will that you don’t want to. Here […]
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