There is a lot of confusion about pass-through entities. I have people all the time tell me that one of the advantages of an LLC is that it is a pass-through entity. The confusion comes because people don’t separate the legal aspects of an entity with the
Many estates have the same person listed as personal representative, guardian for any minor children, agent for the durable power of attorney, and successor trustee for the trust. If that one person is capable of handling the various roles, there can be an advantage to having them
When you created your trust, you did a lot of thinking and figuring and finally named someone to be your successor trustee in case anything happens to you. But, as your life moves along, the choices you made when you created your trust may have to be
A guardian is the person designated by court appointment and given the responsibility of managing the personal affairs of a minor child or a person that is legally incompetent. Naming a guardian for minor children if something were to happen to you is one of the most
