A power of attorney is a document that gives a designated person known as an “agent” or “attorney-in-fact” authority to act on behalf of another person (principal) with respect to specific assets, financial and legal decisions. A power of attorney can be limited in scope or broad in scope. If it is broad in scope [...]
A large number of American’s don’t have enough money saved for retirement, so it’s important to find ways to keep earning and saving well into retirement. Here are four ways that can help you keep a large portion of your nest egg in tact. Have A Retirement Plan It’s important to create a plan for [...]
Wednesday, April 18, 2012
Leaving gifts of money to minor children may sound simple, but it is full of pitfalls that could prevent your intended gift from ever reaching the recipient. An elder attorney can help you set up a Crummey Trust for your gift of wealth. Cash or wealth gifts made with this kind of trust will pass [...]