While you are alive and competent, you should plan for incapacity. It is an essential part of an estate plan and the estate planning process. When possible, court proceedings for guardianship and conservatorship should be avoided. Here is why Patty is single and...
An agent, sometimes called an attorney‑in‑fact, is someone authorized to act on behalf of another person or a legal entity. In everyday life, agents show up in many forms: a literary agent negotiating a book deal, a lawyer negotiating an employment agreement, or a...
Being named a trustee in someone’s revocable trust is an honor and a privilege. With such privilege comes significant responsibility. It doesn’t matter if you are appointed as a trustee after death or at incapacity. Your job is nonetheless critical and must be taken...
What is Estate Planning? Estate planning is the process by which an individual prepares for the possibility of becoming disabled or passing away. This planning ensures they can provide for themselves and their loved ones despite unexpected events. Through estate...
3 Reasons to Avoid Probate When you die, under probate it’s likely your heirs will have to sign documents in order to receive their inheritance. This can happen if you own property in your name only and if you haven’t expressly designated a beneficiary. Some of those...
Wills and Trusts: Confused about the differences between a will and a trust? If so, you are not alone. Often people who don't understand use the terms interchangeably. But be clear, a will is not a trust. Having a basic understanding of these two important...
Should You Leave Your Timeshare in Your Trust? Timeshare in a trust. Do you own a timeshare? Over the past few decades owning a timeshare has become a popular investment. Whether you purchased it as a vehicle for a great family vacation, an occasional getaway, or to...
Pet Trusts. As with anything in life, sometimes things don’t work out as planned. So, my belief is to always have a Plan B. When you prepare accordingly, it’s more likely you will have a successful outcome. Here are three examples of creative planning by pet owners....
Estate Planning Inventory. Estate Planning Inventory and sometimes called an Estate Planning Checklist is an essential tool. Do you have an estate plan, which may include a trust, a will, a power of attorney, and healthcare directive? When was the last time you...