Principales conclusiones: Un fideicomiso revocable es un fideicomiso donde el dinero permanece líquido; Se puede sacar de nuevo. Un fideicomiso irrevocable es un fideicomiso donde el dinero no puede ser retirado nuevamente. Un fideicomiso revocable a menudo se vuelve irrevocable después de la muerte o la incompetencia de la persona que la establece, lo que […]
Principales conclusiones: Un poder legal estatutario es un acuerdo legal, que le otorga a alguien el poder de actuar en nombre de otra persona, a excepción de decisiones de atención médica. Si el sujeto ya es mentalmente incompetente, no se puede establecer un poder legal, ya que el sujeto debe poder actuar en su propio […]
Probate law has specific provisions for handling the affairs of people who have died. These laws are followed according to the specifications that are set out in the statutes. Failure to follow these laws can lead to a lawsuit or even criminal proceedings. Breach of trust is one of the more severe consequences of not […]
Planning your Estate When a loved one passes away, money often becomes a major issue for spouses, descendants, and beneficiaries. Whether repaying an outstanding debt or collecting a life insurance claim, money is the primary driving force in almost every decision that an executor will make, making it one of the most complex assets to […]
Receiving an Inheritance After a will has been presented, or the court has ordered an intestate succession, an estate’s assets are distributed amongst beneficiaries, such as a spouse and children. The division of assets is one of the most important parts of estate planning and the probate process, and receiving an inheritance during the highly […]