When you're in the midst of a divorce, you're probably not thinking about estate planning or your will. However, if you're divorcing, you should think about the impact a divorce can have on an estate plan.
Being a trustee is difficult. However, adopting the following four best practices employed by professional trustees will go a long way to ensure that you’ll effectively execute your duties and mitigate your liability.
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney.
While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it's an important aspect of good financial planning that shouldn't be ignored.
With a revocable trust, you are typically both the founder and the trustee. This means that you both create the trust and manage its assets and operations.
