Darlynn Campbell Morgan's Answers

Can you sue a LIving Trust?

Technically, you would sue the Trustee of the Revocable Living Trust (RLT) which offers no asset protection. If you want asset protection you definitely need to consult with an attorney. Asset protection is a continuum- there are solutions that offer various levels of protection, and the solution that works best for you will depend on different factors such as (1) what kind of assets are you trying to protect? (2) where is the source of potential liability? (3) how much protection do you...

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Protecting assets from deep pocket litigation

They are very expensive and add much complexity to your life. I can't give you a "price" because it will vary widely. Generally speaking, asset protection usually starts in the 5-figure range. Asset protection is a continuum- there are solutions that offer various levels of protection, and the solution that works best for you will depend on different factors such as (1) what kind of assets are you trying to protect? (2) where is the source of potential liability? (3) how much protection do...

What is a durable power of attorney, POA

A DPOA is a legal document wherein you give an agent authority to do certain things on your behalf if you are not able to them yourself; it typically covers legal and financial matters. The DPOA needs to be executed when the person has legal capacity but generally is becomes effective once the person is determined to be incapacitated.