Trust – The Law Office of James F. Watts

Power of Attorney vs. Trustee – Understanding the Differences Between Them

Leave a Comment / Power of Attorney, Trust / admin

An important, yet sometimes misunderstood, document estate planning attorneys prepare is a power of attorney. A power of attorney (or “POA”), either for financial or health care matters, is an integral part of an estate plan. For this reason alone, it is important to review your POAs to ensure that the individuals named will be […]

Power of Attorney vs. Trustee – Understanding the Differences Between Them Read More »

Reevaluating A-B Trusts (Bypass Trusts) in Estate Planning

The federal estate tax exemption has increased significantly over the last two decades and is now increasing each year in relation to inflation. For 2016, the exemption is at an unprecedented $5,450,000.00 per decedent. This means a couple can pass on $10,900,000.00 worth of assets to their beneficiaries without any estate tax being paid. Since