The Law Dictionary for Everyone
Any property that is acquired during the period a couple is married is considered marital property, belonging to both spouses equally, regardless of which spouse paid for it, or how it is titled. This may include such things as houses, furniture, appliances, and other types of personal or real property. Financial assets and debts acquired during the period of the […]
Read moreGuardianship is a legal relationship established by the court in which a person is given legal authority over another person when he or she is unable to make safe and sound decisions regarding his or her person, or property. Legal guardianships commonly involve minor children, but may also be ordered for developmentally disabled adults, or incapacitated adults. To explore this […]
Read moreA Power of Attorney document allows an individual (the “principal”) to appoint someone to act as an agent on his behalf. The agent, called an “attorney-in-fact,” though the agent need not be an attorney, can take care of important matters for the individual, such as managing finances, selling property, paying bills, or authorizing medical care. A general Power of Attorney […]
Read moreWhen one person or entity agrees to act on behalf of another person or entity in matters of importance, such as legal, financial, and authority, he or she is considered a “fiduciary.” The client, trustor, or beneficiary, has the right to expect the fiduciary to put forth his best effort, using all of his expertise, skill, and care in acting […]
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