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 | 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...
by Paige Fuoco | Sep 21, 2021 | Estate Planning, Power of Attorney, Wills
Most people want to pass their assets to their children or grandchildren, but naming minors as beneficiaries can have unintended consequences. It is important to make a plan that doesn’t involve leaving assets directly to a minor. There are two main problems with...
by Paige Fuoco | Sep 16, 2021 | Estate Planning, Power of Attorney, Trusts, Wills
No one wants to see a loved one become unable to make decisions for him or herself. If this happens, however, the court may appoint a substitute decision maker, often called a “guardian,” but in some states called a “conservator” or other term....
