People are often hesitant to give someone their durable power of attorney (POA) simply because those go into effect immediately and there is always the potential for misuse. One alternative to a durable power of attorney that’s often proposed is the use of a...
Month: August 2024
3 strategies for keeping assets out of probate court
The probate courts fill an important role during the estate administration process. They help ensure that the personal representative of an estate abides by the instructions provided in an estate plan. They help determine what should happen in an intestate succession...
Can you leave money to your pets? Yes, in a pet trust
Pets are not property – they are family members. Many people feel this way, but the law considers pets as property to be owned. Therefore, you cannot leave your pets an inheritance in the traditional manner, through a will. However, you can create a trust to provide...
Changing an executor: When can you do this?
You can remove any party you name in your estate plan, including your personal representative/executor. Circumstances in your life may change from when you appointed your existing executor. Accordingly, you may want to replace them. Below are four examples of such...
