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Powers and Duties of an Attorney-in-Fact

Your attorney-in-fact only has the financial authority you grant him in the document creating a durable power of attorney for finances. Generally, an attorney-in-fact has broad authority to:

use your assets to pay your everyday...

Choosing a Healthcare Power of Attorney

Like a durable power of attorney for financial decisions, a healthcare power of attorney permits you to name a medical proxy to make healthcare decisions on your behalf when you are no longer able to do so for yourself. Similar to a living will,...

What is a Trust?

A trust is related to "trust" in the ordinary sense of relying on another. A trust is a formal arrangement for property management. The management of the property is according to the original owner's directions.

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Co-Ownership Myths - II

Co-Ownership Myths - II

One of the most confusing aspects of estate planning is the numerous myths about co-ownership of property. Many people do not understand the differences between a tenancy...

Executors -- Steps Prior to Opening the Estate

The terms "executor," "administrator," and " personal representative" are all synonyms for someone who is legally responsible for managing the estate of a person who has died. The position of executor may be filled by a specific person named in...