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When Does a Durable Power of Attorney Expire?

You’ve probably heard the term power of attorney. A legal designation, power of attorney refers to a document that grants an individual, known as the agent, the power to act in the interest of another party, referred to as the ...
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Making a Will With Step-Children Involved

Blended families are the norm these days, and in most cases they’re as complicated as traditional families, if not more so. Unless you previously adopted your spouse’s children, they’re considered step-children, and as a result they have no legal right ...
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Checklist for Preparing for a Will

You’ve probably heard that writing a will is one of the most important things you can do to protect your loved ones after you’re no longer around. However, you might not realize that preparing a will can be challenging. Not ...
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Can I Leave My House to Someone in My Will?

The odds are that your house is the most valuable asset you own, so naturally you want to ensure it ends up in the right hands after you’re gone. If you’re married, you probably want your house to pass to ...
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Can a Trustee Withdraw Money From a Trust?

Trusts aren’t just employed by the wealthy. On the contrary, individuals from a wide range of backgrounds and income levels set up trusts as a way of passing property to loved ones. Not only does creating a trust allow you ...
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What Is the Downside of an Irrevocable Trust?

Trusts are commonly used to determine how a person’s assets should be managed and distributed before and after death. Revocable trusts are created during the trustor’s lifetime and can be altered, modified or revoked at any time. As the name ...
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Can a Trustee Remove a Beneficiary from a Trust?

Complex family dynamics can quickly complicate estate planning. If there is conflict between a trustee and beneficiary, the trustee may attempt to remove the beneficiary from the trust. There are several key people involved in the creation and management of ...
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