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A will is a legal document that outlines what happens to a person’s estate after they pass away. A trust is much like a will. It helps determine where assets are distributed after someone dies. Initially, you may believe that a will is better than a trust. After all,...
If you have a health crisis and you stop breathing, you believe that no more steps should be taken. You do not want the medical team to resuscitate you. Maybe you have religious reasons for thinking that this is a valuable position, or perhaps you just think that...
Creating a comprehensive estate plan enables you to provide instructions about who will get what when you pass away. You can do this through a will, but that has to go through the probate process. A better option for some people is to establish trusts, which don’t go...
A power of attorney (POA) document enables you to designate someone that will act on your behalf in your absence, like when you are mentally or physically incapacitated. Such an eventuality may arise after a sudden illness or accident that leaves you unable to make...