What happens if The person who wrote the will and the benefactor of the will both die? For any beneficiary, for any person, to take from a will they must outlive the testator the decedent aka, the person who made…
estate planning
A Trustees Powers: What Powers Does A Trustee Have
Trustee Powers When a trust is created the settlor (the person creating a trust) must select an individual or organization to oversee their trust. This person or organization is often known as the trustee. The trustee’s powers stem from the…
How To Terminate A Trust
Terminate A Trust A trust is an important component of estate planning. A trust generally terminates automatically at the expiration of the term specified or when all purposes have been accomplished. A trust can also be terminated if a settlor…
How To Create A Trust
Create A Trust! A trust is created when a settlor with capacity intentionally conveys benefits or assets to beneficiaries during their lifetime and then gives the powers to control the trust to a competent trustee. It’s a key component of…
How To Revoke A Will
Revoke A Will: How To Cancel A Will Most people desire to revoke a will because circumstances in their life have changed. Maybe they get married or divorced, have a kid or two, or their financial situation changes. Regardless of…