The concept of “Power of Attorney” can be misleading. Contrary to popular belief, it doesn’t require an attorney to possess the power to act on your behalf. Instead, Power of Attorney (POA) is a legal arrangement that allows you to grant authority to someone else to manage your affairs in case you become incapacitated. In this article, we’ll explore the significance of POA in estate planning and discuss the three main types of POAs you should consider delegating as part of your comprehensive estate plan.
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Power of Attorney
Common Estate Planning Mistakes and How to Avoid Them
Estate planning may seem straightforward but overlooking some critical items can lead to probate and other complications. In this article, we discuss the four most common estate planning mistakes. Not Having An Estate Plan This one should be obvious, but not having...
The Top 5 Mistakes People Making When Planning Their Estate & How to Avoid Them
The biggest mistake people make is attempting to do estate planning themselves. Estate planning involves complex legal and financial issues that require expertise and experience. Attempting to do it yourself, while cheaper up front, can lead to costly mistakes and unintended consequences. To avoid this mistake, work with us to help ensure that your wishes are carried out according to your wishes and that you have an estate plan that is built to last.
What is a power of attorney?
A power of attorney is a legal document that authorizes someone else to act on your behalf in matters that you specify.
Want to avoid probate? Probate assets verses non-probate assets
The reality is that probate assets and non-probate assets are treated differently when you die, and this can have a large effect on how your estate is administered by the personal representative. Read ahead to learn about the distinction between probate and non-probate assets.
Why you should consider creating a trust
There is also a common misconception that trusts are only necessary for or used by the wealthy. The bottom line is that trusts offer many benefits over traditional wills that are useful no matter your net worth. Follow along as we walk through some of the differences between wills and trusts, and the benefits of having a trust.
Power of Attorneys: Things to Keep In Mind When Planning for Your Aging Parent’s Care
Powers of attorneys are important documents to help protect assets in the event of incapacity. They also can designate someone to make medical decisions if you become unable. Read on to learn the details.
Power of Attorneys for Aging Parents: Which One Is Right for You?
Powers of attorneys are excellent tools to avoid a court being involved in your loved one’s medical or financial affairs. There are many different types. Which is right for you?