FAQs
Answers for FAQ on Estate Planning
Estate Planning has many facets, each with legal terms. We provide answers below to many FAQ on estate planning.
What is a Trust?
- What is a living trust?
- Who controls the assets in a trust?
- Will placing property into a living trust shield it from creditors?
- If I have a trust do I still need a will?
- Is a trust private?
What is a Last Will and Testament?
- Who needs a Last Will and Testament?
- What happens if I don’t have a Last Will and Testament?
- How can I prepare my Last Will and Testament?
What is a Power of Attorney for Property?
- What are the advantages of having a Power of Attorney for Property?
- What should be included in a Power of Attorney for Property document?
- Who may execute a Power of Attorney for Property?
- Who may be designated as an agent?
- What is the agent’s responsibility?
- When does the Power of Attorney for Property take effect? When does is cease?
- Can I amend the Power of Attorney for Property document after it takes effect?
- Will the Power of Attorney for Property be recognized in another state?
What is a Living Will?
- What are the advantages of a Living Will?
- Who can execute a Living Will?
- What can a Living Will not do?
- When does a Living Will go into effect?
- How can I be sure that my Living Will is followed?
- Can a Living Will be revoked?
- When should I make a Living Will?
- Do I need an attorney to prepare a Living Will?
What is Power of Attorney for Healthcare?
- How do I designate Power of Attorney for Healthcare?
- Who should I designate as my Agent for Power of Attorney for Healthcare?
What is a Children’s Trust?
- Why start a Children’s Trust?
- When should I start a Children’s Trust?
What is a Qualified Domestic Trust?
- What is a taxable event?
- What is a hardship in this case?
- How do I start a QDOT?
What is a Special Needs Trust?
- What kind of Special Needs Trusts are Available?
- Self Settledor First Party Trust
- Third Party Special Needs Trust
- Supplemental Needs Trust
- What kind of Special Needs Trust is best for my circumstances?
What is a Medicaid Trust?
- Why should I use a Medicaid Trust?
- Benefits of a Medicaid Trust and what are my other options?
What is Guardianship?
- What are the responsibilities of a Guardian?
- I want to designate a Guardian for my child in the event of my death. What do I do?
- I am responsible for an adult who can no longer make decisions for themselves. Am I a Guardian?
- A child lives in my home, but I am not a Guardian. Do I need to become a Guardian?
- I was appointed the Guardian of an Estate. Do I have to care for the child?
- Who can I contact with questions about Guardianship?
What is a Decedent Estate?
- What is the legal process for a Decedent Estate?
- How do I prepare my estate?
What is Death Related Probate?
- Who is involved with death related probate?
- Why avoid probate?
- How can I avoid probate for my family and loved ones?
- How do I create an estate plan to avoid probate?