Estate Planning
A Revocable Living Trust and a Will are similar in that they both spell out who is to inherit assets from people after they are deceased, and they work well together to ensure people’s estate plans meets their needs, but they are different in a few important...
Estate Planning
A Power of Attorney is a legal power or right, designated in a document that is created by a person who wants another person to take over some of his or her legal decision-making. The words “Power of Attorney” refer to both the legal power and the document that...
Estate Planning
Simply said, no. The people who put the assets into the Revocable Living Trust and who approve the language found in the trust document about how the assets are to be managed are the “Settlors” (sometimes also called Trustors, Grantors, or Trust Makers),...
Estate Planning
Interested Parties The Revocable Living Trust document will name the Trustors, Trustees, possible Successor Trustees, and Beneficiaries who will be involved in the management of the trust that it creates and the use of the assets it holds. Assets The Revocable Living...
Estate Planning
When someone dies or becomes incapacitated, there can often be problems in the aftermath with regard to that person’s assets. For example: Arguments among family members about who is to manage the estate when the owner is unable to do so. Disagreements about who is to...
