You may also need a Power of Attorney if something comes up unexpectedly while you are out of town. What if a contract needs to be signed or you need someone to handle an issue at your financial institution? Having your Power of Attorney in place before your trip takes care of these issues and gives you one less thing to worry about while you are out of town.
The biggest difference between an irrevocable and revocable trust is your ability to make changes to the trust once it has been created.
Many people think that estate plans are only for older people or married people with large “estates” to pass on to their children and grandchildren. Nothing could be further from the truth.
While many might assume that estate planning is only necessary for older individuals or those with substantial assets, it is equally important for young people, including college students.
Whether you’ve already executed your estate plan or are considering taking those first steps toward creating your estate plan, the holidays are a great time to speak to your loved ones about estate planning.
Explore the intricacies of Aretha Franklin’s estate plan controversy, shedding light on the legal complexities and debates surrounding the iconic singer’s final wishes.
An estate plan serves many purposes, but to those who have children, it serves as a way to protect those children after you have passed. You may be a young
Estate planning is very important at all stages in life. Young adults tend to believe that because they’re just entering the workforce, they “don’t have enough.” Estate planning is so
The pros and cons of a specific estate plan structure are generally the same for different estate amounts. If you have one hundred dollars or one million dollars, you will receive the same type of benefits or negatives.
A special needs trust must be funded, like any other trust, before it can effectively operate to distribute assets to a named beneficiary. This means that the decedent or some other individual must place assets into the trust before the selected trustee (the “fiduciary”) may distribute those assets from the special needs trust to the named beneficiary.
