Totten trusts are essentially bank accounts with a named beneficiary. They are another tool in your estate planning toolkit and can help some of your assets avoid probate upon death. You may have also heard the term, “payable-on-death account” used interchangeably with Totten trust, and that’s because they are basically the same thing. They are both informal revocable trusts that are made when the account holder signs an agreement with the bank which details instructions on how to distribute the contents of the account to the named beneficiaries upon the death of the account holder.
September 5, 2024
If two people listed as power of attorney disagree and cannot resolve their conflict, the matter may be taken to court, particularly probate court, to determine the principal’s wishes and potentially modify or revoke the conflicting powers of attorney. The court can also appoint a new power of attorney to ensure the principal's interests are protected.
September 5, 2024
Are you excluded from a will but believe you have the right to inherit? You might be pondering, ‘can someone not named in a will contest it?’ The answer hinges on several factors such as your familial relationship, state inheritance laws, and the specifics of the will. Throughout this article, we’ll unpack the circumstances under which individuals not named in a will can challenge its terms, the concept of legal standing, and the strategies to navigate this complex legal terrain.
September 5, 2024
Please contact our friendly lawyers to Schedule a Consultation.
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Consultations may carry a charge, depending on the facts of the matter and the area of law. The cost of your consultation, if any, is communicated to you by our intake team or the attorney.
I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!