Estate Planning
Living Trust
Illinois
Need Will or Trust
Married must include both have children from previous marriage.
Answers from 1 Lawyer
Answer
Estate Planning
Illinois
T. Phillip B.
ContractsCounsel verified
Hi. I'm not sure I understand your question. Everyone should have a will regardless of whether you have a trust. The question is whether you need a trust. A lot of that has to do with avoiding probate or some other potential uses depending on the goals and needs. But a typical family would use a trust to better organize everything and control distribution while avoiding going through the court process called probate.
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Estate Planning
Living Trust
Oklahoma
Do you review trusts
I am needing a trust and a LLC reviewed. Do you do this type of document review?
T. Phillip B.
There are attorneys on here would would review those documents. You may want to post this in the area where attorneys respond to your project post.
Read 1 attorney answer>Estate Planning
Power of Attorney
Illinois
I am my brother's payee I am planning on moving another state my brother has had two aneurysms do I need power of attorney to move him to another state
My mom just died in 2020 February she was controlling the household I was living in Wisconsin when my mother died I was the only son capable taking care of things financially and mentally my oldest brother have had two aneurysms when my mom died I had to take care of my oldest brother and my youngest brother which he died the same day as my mom and my dad since then my oldest brother has lost his eyesight and he can't remember a lot of things I just want to know I am new to this do I need power of attorney to move my brother to another state
T. Phillip B.
You don't necessarily need a POA to move him to another state if he is agreeing to move. But at some point you'll need a POA (if he has the capacity to sign one) or to become his guardian.
Read 1 attorney answer>Estate Planning
Power of Attorney
Illinois
Do I need a lawyer for power of attorney
Just want to know do I need a lawyer for power of attorney
T. Phillip B.
You can create your own power of attorney so long as it meets all the necessary requirements.
Read 1 attorney answer>Estate Planning
Last Will and Testament
Illinois
How often should I review and update my will?
I am asking this question because I want to ensure that my will is up-to-date and reflects any changes in my life circumstances, such as marriage, divorce, birth or adoption of a child, or changes in my financial situation. I am also interested in understanding how frequently I should review and update my will to ensure that my assets are distributed according to my wishes in the event of my death.
Talin H.
You basically just answered your question. You should review and update your will whenever a major life event happens that might influence how your assets are distributed in the will. The rule of thumb is the addition or subtraction of a family member, or addition, or subtraction of a major asset like a home purchase.
Read 1 attorney answer>Estate Planning
Durable Power of Attorney for Finances
Illinois
What’s the Difference between General POA and Durable POA
I’m trying to get POA over my Mother Financial because she not Paying the Mortgage which is past over due along with some Bills she hasn’t paid on in months I don’t us to lose our home and she suffers from Dementia and we Both recently suffered from a stroke I would appreciate if you respond to my message beside With a Hi There !
T. Phillip B.
I'm not a fan of either term as I find they just confuse things. Durable usually is referring that it remains effective after incapacity. Sometimes general is looked at as terminating at becoming incapacitated. Another term which comes up is springing which this one makes more sense where it isn't effective immediately but upon a date or occurrence (usually someone being deemed incapacitated). I don't think I'd ever create a POA where it terminates at incapacity since that's when I'd need it to work. Now you say your mother has dementia. Will she understand what she is signing and the purpose of the document? If not, she doesn't have the required mental capacity to establish a POA and will have to have a guardian appointed by the court.
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