If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone will need to step in for you when you are no longer able to act due to incapacity or after your death. The...
Yes, You Do and Here’s Why Please allow us to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has completely changed some years later. We’ll use the Kendrick family as an example....
There are a number of reasons people create irrevocable trusts, including the desire to remove wealth or property from their estate for tax planning purposes or to protect assets. As the name suggests, irrevocable trusts cannot be revoked. But can they be modified? As...
Most American adults are aware that they should have life insurance, particularly if they have minor children or other dependents. Life insurance does provide a large measure of security for families. However, people often fail to consider the fact that an insurance...
An estate plan deals with more than just money and property. A complete estate plan includes a financial power of attorney, health care power of attorney, HIPAA documents, and a living will in addition to a Last Will and Testament or a Revocable Living Trust....
