Several myths surround trusts that discourage people from learning about them. Lets look at some of them. Trusts are for the very wealthy: Untrue: Trusts can be for anyone with assets or beneficiaries that need to be protected. There is no minimum estate value that is needed to create a Trust. […]
It is fair to speculate as to why the Law surrounding the drafting and witnessing of Wills is complicated. In a recent post I criticized do-it-yourself Estate Planning kits. It included an article about how a Florida woman’s Estate Plan was ineffective because she used of a kit and did not execute the Will properly. […]
Executing a Power of Attorney can solve or create problems. It is important to know how they work and how dangerous they can be. Most Estate Plans include a Power of Attorney. They can be very useful to avoid a court appointed guardianship. However, the person entrusted must be chosen carefully. A Power-of-Attorney grants a […]