Q. How do I know if I need a revocable or irrevocable trust? A. You should consult with a legal professional that handles both kinds of trusts. Provide a clear explanation of your goals and the assets you are planning to use to fund the trust including any life insurance you plan to purchase or stocks...Read more
About: Linda Knapp
You may reprint this article with my permission by showing the Firm’s name and attaching my contact information. If you wish to cite the article you must give full credit to the author, Attorney Linda Farron Knapp. Nothing in this article creates an attorney-client relationship. When the article was written it was good law, that may not be situation at the time of reprint. We advise you seek competent legal advise based on your own factual situation before relying or acting on any legal material you read online.
Recent Posts by Linda Knapp
Q. My elderly father is often confused and agitated. I am concerned because he has loaded guns in the house. What can I do? A. Short of bringing a protective or guardianship action, I suggest you consider addressing the matter with your father’s doctor. Possibly you have a health care power of attorney for your Dad...Read more
Q. Any updates on how a fiduciary accesses digital assets? A. South Carolina passed the Uniform Fiduciary Access to Digital Assets Act in 2016 which gives agents under a duly authorizing power of attorney, or a trustee, personal representative and conservator (ie. legal fiduciaries) access to a person’s online accounts, correspondence and other computer files, if...Read more
Q. I have claimed my mother as a dependent in the past for tax purposes. Are there any tax breaks left to help me with those high in-home care expenses? A. Maybe. It is true you can no longer claim your parent as a personal exemption due to the changes created by the Tax Cuts and...Read more
Recent Comments by Linda Knapp
No comments by Linda Knapp yet.