Is a revocable living trust a complete substitute for a durable power of attorney?
No. The two documents usually work best together. The trust provides more flexible property management and distributes your property after you die. The power of attorney can help with final funding of your trust, but is better for dealing with special services, Medicare and Medicaid, personal income taxes and daily living expenses. More Questions? WORD LINKS Home F.A.Q. Related Information Contact Us! About THIS INFORMATION, WHICH IS BASED ON WISCONSIN LAW, IS ISSUED TO INFORM AND NOT TO ADVISE. NO PERSON SHOULD EVER APPLY OR INTERPRET ANY LAW WITHOUT THE AID OF A TRAINED EXPERT WHO KNOWS THE FACTS, BECAUSE THE FACTS MAY CHANGE THE APPLICATION OF THE LAW.
Related Questions
- If the ward has given someone a durable power of attorney or created a revocable living trust is a conservatorship necessary?
- Whats the difference between a will, living trust, durable power of attorney and advance health care directive?
- Is a revocable living trust a complete substitute for a durable power of attorney?
