by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 There are several important questions to consider when deciding whether the person you are considering is a good pick to be the agent under your power of attorney. 1. Will they do what I want them to do? If they will not carry out your wishes ...…
Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 When you give someone a gift you sign a check. When you buy a meal in a restaurant you sign a credit card receipt. When you sell your home you sign a deed. In each of these situations it is your signature which marks that the sale ...…
by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 If you have a child with special needs then you have special issues to consider. When your child reaches the age of 18 she will become eligible for state benefits. If you or other family members give valuable gifts to your child you may endanger their ...…
by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 If I have a trust do I still need a will? A living trust can help manage assets during lifetime and can control the transfer of assets after death. Then why do I still need a will? A will does 5 very important things. * Cancels ...…
by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 A trust is a relationship between three people, the grantor, the trustee, and the beneficiary. The Grantor’s job is to set up the trust and put money and property into the trust. The Trustee’s job is to manage the money and property that is placed inside ...…
by Tom Olofsson, Attorney at Law, www.MyTrustLawyer.com (773) 905-1193 power of attorney describes a relationship between two people. The first person (we will call him “Tom”) thinks there may come a time when he will not be able to handle his own affairs. He may think that he will become ill or that he will ...…
Looking for housing for yourself or a family member can be a tedious process. The details can be hard to sort through and can lead to information overload can lead to snap decisions made more from fatigue than because the perfect fit has been found. The National Association of Elder Law Attorneys (NAELA) helps seniors ...…