There are two ways to establish a conservatorship, depending on whether it's for an individual, corporation, or organization. Individuals A court order will establish a conservatorship for an individual who is a
When you establish a limited POA, you should outline the scope of your agent’s authority. You may also put a time limit on your agent’s power of attorney. For example, if you plan to travel for a month, your agent may only have the authority to sign a specific contract on your be...
When you establish a living trust in Pennsylvania, you are the “settlor,” the person putting your assets into the trust. Whether it’s a revocable or irrevocable trust, you’ll also specify the terms for how you want it to be managed and who will inherit from the trust. However, there...
All of this is somewhat cumbersome on an administrative level and can be expensive in terms of legal fees to establish the conservatorship and to have the annual accounts approved. Much of the cost and burden can be avoided with estate planning that includes a revocable (living) trust and dura...
To establish a POA, the principal must give explicit consent, willingly and knowingly granting authority to the agent. At the time the document is executed, the principal must: Voluntarily agree to the POA without any coercion or undue influence. ...
It is important to establish the conditions under which the trustee can distribute assets to the beneficiary. The assets that will be held in the trust should be clearly listed and any restrictions on their use should be identified and how the funds can be accessed should be detailed. Formali...
Call 434-817-3100 or complete a Case Evaluation form Consultation Please enter your initials to acknowledge that you have read and understood the Disclaimer above: Disclaimer: Using this contact form or any page of MartinWren, P.C.’s website does not establish an attorney-client relationship...
Establish a trust. A trustee manages property held in a trust and is obligated to distribute the assets under the terms of the trust agreement rather than through the probate process. Make accounts payable on death. Bank and other accounts that are p...
Can be expensive to establish and administer What Is a Revocable Living Trust? Aliving trustis one established during one's lifetime and can be either revocable or irrevocable. A revocable living trust is often used in estate planning to avoid probate court and fights over the assets of an ...
(b)Special rule. A State must establish procedures for appointing the parent of a child with a disability, or, if the parent is not available, another appropriate individual, to represent the educational interests of the child throughout the period of the child’s eligibility under Part B of...