Trusts are widely misunderstood, because people harbor certain misconceptions. In this post, we will look at some myths that circulate about trusts, and we will debunk them one by one. You lose control of assets that you convey into a trust. It is said that a little bit of knowledge can be a … [Read more...] about Debunking Myths About Trusts
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This article concerns the Healthcare Powers of Attorney and Advance Directives. Read on to learn … [Read more...] about The Basics: Powers of Attorney for Healthcare
There is no one universal approach to estate planning that is ideal for everyone. There are many different tools in the estate planning toolkit. There is no reason why a layperson would know why you may want to use one instead of another. This is why legal advice is invaluable, because you can … [Read more...] about The Anatomy of a Basic Estate Plan
If you make the right moves throughout your working career, you can put yourself in a position to retire with comfort. If you are like most people, an individual retirement account will be part of the plan. In the event that you have to draw from your account, it will be there, but you may find … [Read more...] about IRAs and Inheritance Planning
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. Read on to learn more … [Read more...] about The Basics: Financial Power of Attorney
Some people think that there is no real reason to use a trust if you are not a multimillionaire with a really complicated estate. They assume that a last will is the right choice for most people, but when you find out the facts, you may come to the conclusion that this is really not the case. Last … [Read more...] about Why Is a Trust Better Than a Will?