Currents
January 2018
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Executive Car Service
ONLINE RESERVATIONS
WWW.GO-AIRPORTSHUTTLE.COM
The Official Shared Ride Shuttle
and Express Service of the
Ft. Lauderdale/Hollywood Int’l Airport
Conveniently located curbside
outside baggage claim
FOR RATES AND RESERVATIONS CALL
954-561-8888
800-244-8252
Court costs.
The Revocable Living Trust can be useful not only
when you die, but also if you become incapaci-
tated. People mistakenly assume that a Durable
Power of Attorney will cover all assets that are in the
Trust. This is not true. Most Revocable Living Trust
documents include specific paragraphs regarding
disability. Typically, this language requires that two
doctors state in writing that the Trustee is unable to
carry on his legal affairs. In these situations, the
Successor Trustee (typically a son or daughter) will
need to get written statements from two doctors and
then go through legal and administrative red tape
before being able to take over an asset of the Trust
for the benefit of the disabled Trustee.
Therefore, if you are the sole Trustee of your
Trust, you should seriously consider an Amendment
to your Trust adding a trusted family member or
close friend as your Co-Trustee rather than your
Successor Trustee. This will allow that person to
take over any asset which is in the name of your
Trust, without the need for written statements from
two doctors or Court intervention.
If you and your spouse are Co-Trustees, but your
spouse is beginning to have short term memory loss
or other signs of dementia, it is wise to replace your
spouse as Co-Trustee with that trusted family mem-
ber or friend.
If you have accounts in the name of your Trust
with a bank or brokerage, you will need to provide
the Amendment to that institution. Proper documen-
tation will be required (signature card, copy of dri-
ver’s license, etc.) to allow your new Co-Trustee to
access funds in that account.
A Durable Power of Attorney is still important as a
supplement to your Trust to cover all finances that
are outside of the Trust, such as an IRA, life insur-
ance policies and all other accounts not titled in the
Trust. The Durable Power of Attorney also covers
legal matters, like signing contracts, leases and other
documents on your behalf which may have nothing
to do with the Trust. For example, if you become
incapacitated and need to go into an assisted living
facility, the person you designate under your Durable
Power of Attorney would be able to sign a lease for
you.
24 Hour Advance Reservations
Rates available for all local airports & seaports upon request
Members of THE GO GROUP
The worldwide leader in airport shuttle transportation
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