A trust is an entity separate from you that can own assets. You can transfer ownership of assets such as your real estate or a bank account to the trust and appoint a trustee to manage them. Both individuals and corporations can serve as trustee, though corporations...
If you have a loved one with special needs, you likely have various concerns regarding their well-being, especially when it comes to their future. From their ability to receive the care that they count on to their ability to retain eligibility for critical government...
While tending to estate planning matters, you learn of a health care proxy. Is this vital for your estate? Medicare Interactive explores the health care proxy. Determine whether to tend to this matter now or later. What is a proxy? Understand that a health care proxy...
You might wonder if it is worth it to make out a last will and testament. Some people who have small estates or modest wealth might feel they can get by without one. However, a will is an important document to have, and not just because it deals with who will receive...
Children with special needs require a different kind of responsibility from their parents. Even as a child with special needs reaches adulthood, you will need to provide continuing care and support. According to Forbes, parents should use estate planning as a tool to...
When you divorce your spouse, there are many aspects of your life that undergo immediate changes. However, your estate plan is not one of them. Even if your divorce is amicable, you probably do not want your ex-spouse to receive the same benefits or have the...
As a resident of Utah, you are already ahead of the curve if you have an estate plan written. But you cannot just write an estate plan and have that be the end of it. Instead, you must update it often. But when should you update it? Are there certain times in your...
Perhaps an accident that left you with a serious injury gave you a scare. What if you had become totally incapacitated? You would gain peace of mind by establishing powers of attorney. These essential estate planning tools can address both your healthcare and...