Estate Planning FAQs
Your Estate Plan deserves your careful attention if you are to avoid the financial pitfalls that can destroy all you have worked hard to accumulate and pass to your loved ones. Your family's financial future depends on your being prepared today. Let The Law Firm of Duvel & Duvel, PLC., help secure your future, protect your children, and preserve your hard earned legacy.
FREQUENTLY ASKED QUESTIONS ABOUT TRUSTS
ISN'T A WILL ENOUGH?
WHAT IS PROBATE?
WHAT ARE PROBATE ASSETS?
WHAT'S WRONG WITH PROBATE?
HOW DOES A LIVING TRUST AVOID PROBATE?
WHO CONTROLS MY TRUST ASSETS?
CAN I CHANGE THE TERMS OF MY TRUST?
WHAT IF I BUY OR SELL ASSETS AFTER MAKING MY TRUST?
WHO SHOULD BE CHOSEN AS THE SUCCESSOR TRUSTEE?
WHO WILL CARE FOR OUR CHILDREN?
WHAT ABOUT MY PETS?
IF I HAVE A TRUST, DO I NEED A WILL?
CAN A LIVING TRUST REDUCE INHERITANCE TAX?
A/B TRUST
DURABLE POWER OF ATTORNEY
WHAT IS A DURABLE POWER OF ATTORNEY (DPA)?
WHO CAN EXECUTE A DURABLE POWER OF ATTORNEY?
WHO CAN SERVE AS ATTORNEY-IN-FACT?
WHAT POWERS DOES MY ATTORNEY-IN-FACT HAVE?
WHAT IS A SPRINGING POWER OF ATTORNEY?
WHAT ARE THE ADVANTAGES OF A DURABLE POWER OF ATTORNEY?
WHAT HAPPENS IF I BECOME INCOMPETENT AND DON'T HAVE A DURABLE POWER OF ATTORNEY?
DURABLE POWER OF ATTORNEY FOR HEALTH CARE
WHAT IS A DURABLE POWER OF ATTORNEY FOR HEALTH CARE?
WHAT IF I AM COMPETENT TO MAKE MY OWN HEALTH CARE DECISIONS?
WHAT POWERS CAN I GIVE MY ATTORNEY-IN-FACT?