What are the benefits of a land trust?
Some of the benefits of a land trust are personal anonymity which may protect against creditor attachment and lawsuits; avoidance of probate upon naming remainder beneficiaries; avoidance of co-ownership disputes, if an agreement is entered between the beneficiaries of a land trust; and, much more. Why do I need power of attorneys? Power of attorneys for health care and property enable your designated agent to act regarding all or some of your very necessary health care and property decisions when you are unable to act due to disability or incapacity. Without power of attorneys, a court proceeding with court approval may be necessary to execute these decisions and transactions, and court can be costly, time-consuming and often inflexible. What are ways to prepare for nursing home care? A well thought-out family plan is required, along with professional advice on estate planning with your financial planner, insurance agent and attorney. One consideration is long-term care insurance, whi
