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How Many Trustees Can a Trust Have?

When creating a trust, how many trustees can you have?

Trusts are estate planning tools that can be used to manage how a person's property is distributed after death, without going through probate. Trustees play an important role in protecting the beneficiary's (or beneficiaries') interests.

So how many trustees should you have? To understand the answer to that question, you'll want to have a better understanding of a trustee's role.

Legal How-To: Getting Student Loans Forgiven

As you try to manage your student loans, it's important to remember that there are a number of loan forgiveness programs out there that you may qualify for.

Forgiveness programs aren't a quick fix, as they take several years to complete. Still, they're a great way to see the light at the end of the tunnel, to avoid defaulting on your loans, and eventually, to help you move on with your life.

Here are a few potential ways to get your student loans forgiven:

What to Do If Ex-Spouse Lies About Finances?

Sometimes, ex-spouses lie in court -- especially when it comes to money and assets. According to the National Endowment for Financial Education, nearly three in 10 Americans admit to financial deception with partners.

For couples seeking a divorce, such deception can potentially be criminal. That's because lying during divorce proceedings is illegal, and can lead to penalties for perjury.

But what are you supposed to do when a soon-to-be ex lies during your divorce case?

Supreme Court Calendar: 10 Cases to Watch in Jan.

If you take a look at the U.S. Supreme Court's calendar for January, you may notice a few cases that are of particular interest to you.

From gun ownership rights to presidential powers, the Court is slated to hear a wide variety of legal issues over five days of oral arguments this month.

Here are 10 Supreme Court cases to watch, in chronological order:

5 Legal New Year's Resolutions That Can Pay Off

As part of your new year's resolutions, you may want to focus on a few legal issues -- especially those that can affect your pocketbook.

With many Americans resolving to successfully manage their personal finances in the new year, taking a step back and evaluating your current situation is a good first step. After that, you'll want to figure out which areas of personal finance should take priority.

Here are five legal new year's resolutions that you'll want to consider, to give you more bang for your buck:

For Lotto Winner, 'Finders, Keepers' Means $1M

The adage "finders, keepers" couldn't ring truer for one New York lottery winner.

In the aftermath of Superstorm Sandy, Long Island landscaper Marvin Rosales-Martinez was clearing debris with a leaf blower when he chanced upon a soggy "Win $1,000 a Week for Life" scratch-off ticket. To his surprise, it was a valid winning ticket for $1 million -- and he was able to claim it.

But how was Rosales-Martinez able to claim the winnings when he never even purchased the ticket?

Legal How-To: Collecting Money Owed to You

Have you ever loaned out money to a friend or loved one and they just never quite got around to paying you back? It's certainly an awkward situation, but there are ways to "mean business" and possibly get your money back.

Here are a few ways to collect money that's owed to you:

Statute of Limitations for Debts Can Vary

If you have old, unpaid debts, you may be safe from a lawsuit to collect debt if the debt collector waited too long to file a lawsuit. Every state has enacted its own statute of limitations, requiring any lawsuit be filed in court within a set time frame.

But the rules vary widely depending on the type of debt you have and where you live.

Joint Bank Accounts: A Few Pros and Cons

Whether you're a couple, a parent and a child, or business partners, the decision to open a joint bank account is a personal one that will depend on your particular circumstances.

A joint account offers both advantages and drawbacks, so the decision should be taken with some careful thought.

Here are six pros and cons of opening a joint bank account:

Is It Legal to Bet on a Poker Game?

Since the early 1990s, gambling laws have been in a constant state of flux, leaving poker players scratching their heads. Legislation at both the state and federal level highly regulate the activity.

But under current law, is it legal to bet on a poker game?