How Children Influence your Estate Plan
For families with minor children, parent’s have some interesting decisions when they draft their estate plan. It is common for a parent’s will to leave specific directions to the executor of the will as it relates to their children. For example, if there is no surviving parent and the child has not reached a certain age, the will may direct the executor to create a trust for the...Read More 0
Pros and Cons of having more than one Agent under a Financial Power of Attorney
Individuals planning for incapacity seek out people they trust to handle their affairs when they are unable. This can be done by naming an agent under a statutory durable power of attorney which is also referred to as a financial power of attorney. Usually, these people chosen to act as agents for the incapacitated individuals are family members or close friends. The agent may also be...Read More 0
Individuals You Need to Consider Naming in Your Estate Plan
Overview An estate plan asks the client to name individuals for a variety of responsibilities – responsibilities that differ from one another and may lead the client to determine that more than one person is best suited to fill each of these roles. Executor/Trustee For the client The executor of a will is responsible for following the directions set forth in the will – in other words,...Read More 0