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Provision in Will to Kill the Cat Found Invalid

by Paige Fuoco | Nov 9, 2021 | Estate Planning, Power of Attorney, Trusts, Wills

If a pet owner puts a request in her will that the pet be put to death, should a court respect the request?  Not necessarily.  In 2012, a Chicago judge reversed a death sentence that had been hanging over Boots the cat for months.  The feline’s owner, Georgia Lee...

Three Reasons Why Joint Accounts May Be a Poor Estate Plan

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...

Bank Pays Price for Refusing to Honor Request Made Under a Power of Attorney

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...

Take These Three Steps When Your Child Turns 18

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...

Understanding Tenancy: The Different Ways to Co-Own Property

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...

Make Sure Your Estate Plan and Other Essential Documents Are Safe from Disasters

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...
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