Probate is a legal process that validates a will and ensures the proper distribution of assets after someone passes away. While probate serves an essential purpose, it can be time-consuming, expensive, and subject to public scrutiny. If you want to spare your loved ones from the complexities of probate, a living trust can be a…
In a financial power of attorney, you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the power to buy and sell property, the power to invest, and…
If your life or the law has changed since you signed your estate plan, last will and testament, or trust agreement, you need to update your document. You can make updates to a revocable living trust by way of an amendment or a complete restatement of the trust agreement. An amendment updates a specific part…
Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete the process of funding your trust as soon as you can. But what exactly is funding? A common…
