Do You Need a Revocable Trust or Irrevocable Trust?
Trust funds are not just for the ultra-rich. These sophisticated estate-planning tools can make just as much sense for middle-class Americans who own a home and have a net worth of at least $100,000.
Does a Beneficiary on a Bank Account Override a Will?
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
What are Powers of Attorney and Advance Directives
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
What Do I Need to Know to Be a Great Executor?
What to know about managing someone’s final wishes.
I’ve Been Appointed My Aging Parents’ Power of Attorney but What Now?
We see recurring confusion about what it means to be appointed with authority over money in a Durable Power of Attorney (DPOA) for aging parents.
What Do I Need to Know about Second Marriage Estate Planning?
A second marriage can be a balm for the heartache of losing a spouse, be it through death or divorce. Nevertheless, if there are children or other heirs involved, you should consider carefully what will happen with your money and possessions, when you pass on.
What Should Not be Included in a Will?
In general, a last will and testament is an easy and straightforward way to state who gets what when you die and name a guardian for your minor children.
What Is the Process of Conservatorship?
A conservatorship, also known as a guardianship, is a legal mechanism set up for people who are unable to manage their affairs.
What Paperwork Is Required to Transfer the Ownership of Home to Children?
Have you considered transferring ownership of your home and wondering what records or paperwork is required? The reason for wanting to transfer will help determine how you should proceed.
Aging Parents and Blended Families Create Estate Planning Challenges
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
