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An Overview of Trust Creation and Administration
What is a Revocable Trust? A revocable trust is usually a written document that states how assets will be managed by a trustee during the lifetime of the creator of the trust (called the “settlor”) and how those trust assets will be distributed at the settlor’s death. A revocable trust is also known as a…
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What is Probate and How Can I Avoid It?
What is Probate? A “probate” is a court proceeding whereby a deceased person’s estate is administered and the estate’s assets are distributed to the heirs or beneficiaries. Probate is a public court proceeding, meaning that anyone can read the decedent’s will and attend the court hearings for the probate case. A probate of a decedent’s…
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Why Everyone Needs an Advance Health Care Directive
What Is an Advance Health Care Directive? Also called a “power of attorney for healthcare”, an Advance Health Care Directive is a document, signed by you in the presence of witnesses or a notary public, that lists your wishes for healthcare and names an individual to act on your behalf should you become incapacitated. Life…
