Estate planning is one of the most important things fine art for your relations. Don't leave your estate planning until every person too late. Make those important decisions now, and make certain you have your documentation complete. You don't want to leave your family to have things these decisions during a time of tremendous grief. A well planned estate will help ensure your wishes are attained.
Make sure that all names are up to see in the living trust (revocable or irrevocable). We can ask any queries about the trustees and successor trustees. In addition, we would be wise to make sure that the beneficiaries are current. Provide one family member the power of attorney in order to make all financial decisions.
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In the big event of incapacity, the grantor (creator within the trust) names someone some thing as the successor trustee. This successor trustee is able to take over the management of the trust without being appointed from court.
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