How Do Estate Plans and Trusts Work?
In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
As you know, a power of attorney (POA) allows another person, the Attorney-in-Fact (AIF), to conduct business on behalf of the principal. The POA authorizes the AIF to sign for and on behalf of the principal.
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By Ethan Huizenga
Thursday, September 5, 2024
10:00 AM – 12:00 Noon