The following tips are designed to help you plan for potential problems in the future and handle unexpected events when they occur. If you have questions contact your LegalShield provider law firm today.
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Written and maintained by the LegalShield content team, covering legal and identity protection topics for individuals, families, and small businesses.
We’ll provide more information about the trustors vs. trustees comparison, what to consider when filling these roles, and how they work together in Revocable and Irrevocable Trusts.
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There’s no rule that says a lawyer has to set up your Trust for it to be valid. However, Trusts are complex and doing it yourself without a lawyer's help comes with risks.
A Certificate of Trust proves your Trust is real and names who can act for it, while your beneficiaries and assets stay private. It lets your Trustee handle Trust business, like opening accounts or transferring property.
A limited power of attorney often comes in handy when you need help for a short time or for a single purpose. This legal document can help in situations like when you’re traveling, serving in the military, caring for an aging parent, or sending a child to study abroad.
We’ll cover some of the most common scams, the red flags that give them away, how to protect yourself, and what to do if you’ve already been caught out.
An executor is responsible for ensuring your final wishes get carried out, so it’s important that you choose someone who is responsible and can bear the emotional burden.
An employer identification number is a nine-digit number the IRS uses to identify a taxpayer. The estate needs its own, and getting one is usually simpler than it sounds. Learn more about estate EINs.
The distinction between an heir and a beneficiary is particularly important because they may receive estate assets in different ways.
