A power of attorney is a key component of a comprehensive estate plan. In general, a power of attorney allows a person (a “principal”) to appoint someone to act on his or her behalf (an “agent”) with respect to the management of the principal’s property and financial affairs. A power…
It seems that the only thing you can be sure of these days is that “unprecedented” will be used to describe something you are experiencing. Stock market fluctuations are unprecedented…the real estate cycle is unprecedented…the Troubled Asset Relief Program is unprecedented…the labor market is unprecedented…the use of the word “unprecedented”…
On October 3rd, the Emergency Economic Stabilization Act of 2008 was signed into law. This law is more commonly known as the “bailout bill” and its main purpose is to provide the Federal Government with authority to purchase and insure certain types of troubled assets. While the bailout bill received…
Getting started as a trustee means familiarizing yourself with your new responsibilities. Carrying out these responsibilities throughout the trust administration is the key to reducing your risk of serving as a trustee. In Florida, a trustee is governed by the terms of the trust agreement, the provisions of Florida law,…
“Nothing is certain but death and taxes.” In 1789, Ben Franklin wrote this in Poor Richard’s Almanack. In 1936, Margaret Mitchell put a different spin on it in Gone With The Wind: “Death, taxes and childbirth! There’s never any convenient time for any of them.” In 2008, both sayings still…