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 […]
As elderly people get older, it’s crucial for them to prepare all of their legal documents to protect themselves in terms of health care and their finances. Sometimes when someone doesn’t clearly identify every detail of their finances or possessions within their will, the deceased’s family members will have to go to a Probate Court, […]
Main Takeaways: A statutory durable power of attorney is a legal agreement, giving someone the power to act on behalf of someone else, except for healthcare decisions. If the principle is already mentally incompetent, a power of attorney cannot be established, as the principle must be able to act on his or her own behalf. […]