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Adverse possession is a legal concept that allows a person to take ownership of a piece of property by possessing it for a certain period of time, even if they do not have legal title to the property. The concept of adverse possession has been around for centuries and has been used to resolve disputes over land ownership. To establish…
Trusts are legal arrangements that help manage assets and property during and after an individual’s lifetime. There are two types of trusts: irrevocable trusts and revocable trusts. Irrevocable trusts cannot be modified or terminated once created, offer asset protection and estate tax benefits, but involve a loss of control and are inflexible. Revocable trusts can be modified or revoked, offer…
Estate planning is an important process that allows individuals to manage their assets and property during and after their lifetime. An estate plan typically includes a will, trusts, powers of attorney, and other legal documents that help ensure that your assets are distributed according to your wishes. However, it’s not enough to simply create an estate plan once and forget…
