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May 2016 Archives

Understanding power of attorney: Principals and agents

Principals and agents are the two groups of people who make up the basic power of attorney relationship. The principal is the person who creates the POA document -- or has it created by a professional. The agent is the person who is given power of attorney privileges by the document. The agent is sometimes referred to as the attorney-in-fact.

Some types of trusts

In past weeks, we've talked about why you might want to consider having a trust and the benefits that can come from including a trust in estate planning. Once you decide that a trust is right for you, you might have to work with your legal representative to decide which type of trust is going to deliver the benefits you want.

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