What is a Testamentary Trust?
A testamentary trust is a type of trust that is created through a person’s will and becomes effective only upon their death. Unlike living trusts, which are established and functional …
When Should I Use a Will With a Testamentary Trust?
A will with a testamentary trust is an estate planning tool that creates a trust upon your death, as dictated by your will. You might use a testamentary trust in …
What is a Living Will?
A Living Will is a legal document that outlines your wishes regarding medical treatment and end-of-life care in the event that you become unable to communicate your decisions due to …
What is a Power of Attorney?
A Power of Attorney (POA) is a legal document that allows one person, known as the principal, to appoint another person, known as the agent or attorney-in-fact, to act on …