by Paige Fuoco | Oct 26, 2021 | Estate Planning, Power of Attorney, Trusts, Wills
Many people, especially seniors, see joint ownership as an easy way to avoid probate and plan for incapacity, but there are major drawbacks to joint accounts. When people own property as joint tenants each person has an equal ownership interest in the property. If one...
by Paige Fuoco | Oct 19, 2021 | Estate Planning, Power of Attorney, Trusts, Wills
A durable power of attorney (POA) allows the person creating the POA, called the “principal,” to name a trusted agent who can act on his behalf in almost any situation. But because of the risk of abuse, many banks will scrutinize a POA carefully before...
by Paige Fuoco | Oct 12, 2021 | Estate Planning, Power of Attorney, Wills
If your child has reached the teenage years, you may already feel as though you are losing control of her life. This is legally true once your child reaches the age of 18 because then the state considers your child to be an adult with the legal right to govern his or...
by Paige Fuoco | Oct 5, 2021 | Estate Planning
When two or more individuals own property — whether it’s a condominium, a home, or a piece of land — the relationship between the owners is very important. The form of ownership of the property affects how property is transferred to someone else. It...
by Paige Fuoco | Sep 28, 2021 | Estate Planning, Power of Attorney, Wills
It’s an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods, and hurricanes, the chance that you could lose your house and possessions has become more likely. In the event of such a calamity, it is...
by Paige Fuoco | Sep 21, 2021 | Estate Planning, Power of Attorney, Probate, Trusts, Wills
Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the assets.  Although setting up an irrevocable trust lacks the simplicity of giving a gift, it may be a better way to preserve assets for the future. A trust is...
