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 revocable trust is a trust where the money stays liquid; it can be taken out again. An irrevocable trust is a trust where the money cannot be taken out again. A revocable trust often becomes irrevocable after the death or incompetency of the person who sets up the trust, making it a good option […]
While most of us don’t like to contemplate a time when we cannot make decisions for ourselves, the reality is that many people may become incapacitated at some point in their lives. In these situations, it is helpful to have legal documents in place that empower others to make those decisions in your best interest. […]