Power of attorney is a legal designation granted to someone who has decision-making power over another’s estate. Usually, spouses have power of attorney over other spouses if they become incapacitated. There are two different types of power of attorney. One refers to a health care proxy. In this article, we will only be discussing…

Wills and trusts are similar and yet very, very different. While both are estate planning tools, they operate completely differently. There are advantages to using trusts that are completely absent when it comes to wills. However, not everyone will need a trust to distribute their assets. In this article, we will discuss the differences…

Planning for something, especially something momentous that you know will occur in the future, is generally a wise step to take. While no one wants to think about their own death, it is an important event that can impact your loved ones for many years to come. Planning for what should happen to your…

Probate is a court-supervised process in which the executor of an estate gathers assets, pays off debts and taxes, and distributes what’s left to heirs. The probate process can be complicated for many reasons. For example, it may involve multiple jurisdictions, or there may be disputes among family members about who gets what. At…