Putting a durable power of attorney into place is a critical part of any business, personal estate, or future needs plan. A regular power of attorney, where you give someone else permission to sign for something in your behalf, becomes invalid if you become incompetent or dead.
What are the duties of a successor trustee or personal representative and when do they kick in? I had an interesting conversation with a woman the other day. She had just finished her trust and had named her daughter as her personal representative. Her daughter came to
Many people have heard that a living revocable trust avoids probate. Though this is possible, be warned that if that trust is not properly funded, your property will still go through probate. Probate is a legal process whereby the court transfers title of a deceased person’s assets
The living will and the advance health care directive are basically the same thing. Use of either term depends on who you talk to. Some hospitals call it one, some the other. Same goes for lawyers. Both help you prepare for your end of life decisions. Most
