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Trustees are the main person responsible for following the wishes of the creator of the trust (trustor) as articulated in the trust agreement, and are responsible for overseeing the management and dis...
A Will is especially important for those owning property in more than one state. As state laws vary, unless you have a Will, your principal residence in your home state may be divided one way, while ...
An estate consists of all the property a person owns or controls. The estate property may be in his or her sole name, held in a partnership, in a joint ownership arrangement, or through a trust. Estat...
In California, the form you need to fill out to enable someone else to make healthcare decisions for you if you become incapacitated is called the California Power of Attorney for Health Care form....
A trust allows a person to set aside his or her property to be managed by another individual for the benefit of others. An annuity trust is one of several different types of trusts. When establishing ...
This article discusses the disposition of property in the event that you are legally separated or divorced but haven't changed your Will and your ex-spouse survives you....
A living trust is an excellent way to manage your money and help protect your family and your wealth, both now and in the future. Unlike a will, which goes into effect only upon your death, a you can ...
In Illinois, power of attorney for health care is called an Illinois Power of Attorney for Health Care and it enables the person of your choice to make healthcare decisions for you should you become...
A QPRT, qualified personal residence trust, is a form of grantor retained income trust. The purpose of this type of trust is to place assets into an irrevocable trust and only grant the income from th...
A pour-over will is created to'catch' any assets or property that had been left out of a living Trust, either intentionally or inadvertently....
What role does the personal representative play under a will?...
Statutes of limitations for contesting wills, or time limits for a will contest, depend on when the will was admitted to probate rather than on the date of the individuals death. There are other time ...
Your estate planning will can be used to address two major concerns if you have young children'who will raise them if you die, and who will supervise property you leave for them. The supervision of pr...
The circumstances have arisen where you foresee a time when you may need someone else to have power of attorney over your affairs in order to make decisions and take action on your behalf. Here are th...
The term fixed trust is commonly used to refer to two different types of trusts. The first type of fixed trust is an actual form of trust with very specific instructions for the trustee. The second ty...
My dad has some savings. I fear he will have to go into a nursing home, and that will wipe out all his savings. Is there anything I can do?...
A Totten trust is not actually a type of trust at all. In fact, it is a type of payable on death account that is payable to another after the demise of the account owner. The Totten trust earned its n...
A power of appointment gives the executor of the will the power to distribute property according to the executor's discretion among named beneficiaries, rather than according to any predetermined plan...
Per stirpes and per capita are terms that refer to the way property will be disposed of under intestacy, which means where there is no will. ...
A trust is a entity frequently used in estate planning to help a person distribute property or provide for a loved one after they have passed away. Setting up a trust has multiple benefits and is done...
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