By Jeffrey L. Condon
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Additional resources for AARP the Living Trust Advisor. Everything You Need to Know about Your Living Trust
Welcome to money for grown-ups. Where do you turn for credible information? Dedicated to helping you protect your assets, stretch your dollars, and bolster your longterm security, AARP can offer you powerful solutions. Whatever your strategy for managing money, we’ve got suggestions that will help – from saving money on that next big purchase to planning your charitable giving. If you’re taking your job to the next level or building up a second career, we’ve got strategies that will help you make your mark.
In my seminars, many people ask, “Mr. ” It’s a good question. Here’s the answer: There is no such thing as an after-death power of attorney. It does not exist. Any power of attorney that you sign dies when you die. It does not live on after your death. But we lawyers, not to be daunted, developed the Living Trust so that it would have the same effect as the nonexistent after-death power of attorney; all we did was change the language and terminology. Instead of using language found in a power of attorney (principal, agent), we used the language found in a trust (settlor, trustee).
You may think your money — or your financial advisor — should be working harder for you. You may be watching market trends and seeing new opportunities. And, of course, you want to protect yourself and your loved ones from scams and data breaches. We can give you the support you need. And turn to us for fun, too. ) Because that, too, is what this time of your life is about. AARP is a nonprofit, nonpartisan membership organization that helps people 50 and older improve their lives. For more than 50 years, AARP has been serving our members and society by creating positive social change.
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