by Allen L. Poucher, Jr | Apr 10, 2024 | Estate Planning
In the realm of estate planning, the creation of a durable power of attorney stands as a critical step toward safeguarding your financial and health-related decisions should you become incapacitated. The designation of an agent under a durable power of attorney grants them the authority to act on your behalf, making decisions that align with your wishes and best interests. Let us share with you more information specifically on the pivotal role...
by Allen L. Poucher, Jr | Aug 23, 2022 | Blog
In thinking about your estate plan, what is one of the key components you should consider? Be aware, your estate includes your wealth, like your home, bank accounts and investments, your health and all your plans you have for your legacy. Even if you create the best possible estate plan with your attorney, your plan may fail if you do not have the right fiduciary, who is a key component of your estate, in place. What does a fiduciary do? The...
by Allen L. Poucher, Jr | Jul 5, 2022 | Blog
Are you a private person? Do you hope to keep your estate private when you pass away? How can you do that? Have you recently created your last will and testament, but unsure whether your estate may still have to be probated? First, having a last will and testament in place is excellent. Unfortunately, the fact that you have a will does not, by itself, allow your estate to avoid probate. Here are three common mistakes that are made when...
by Allen L. Poucher, Jr | Mar 15, 2022 | Blog
Are you considering adding trusts to your estate plan? Are you familiar with what a trust can do for your estate plan, but also what you must do as well? First, a trust is a legal document that identifies the purpose of the trust, the trustee of the trust and his or her powers, the beneficiaries of the trust, and the requirements for distributing the trust assets to the beneficiaries. Secondly, the trustor must fund or place into the trust his...
by Allen L. Poucher, Jr | Jan 25, 2022 | Blog
Did you know that trusts are one of the estate planning tools created for the management of assets, both during your life and after your death? In fact, there are several types of trusts to use in estate planning. However, in this blog we will divide trusts into a couple of categories to make them easier to understand. In the simplest terms, trusts are either revocable or irrevocable. This means they can either be changed or revoked after they...
