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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The Top 5 Mistakes People Making When Planning Their Estate & How to Avoid Them
by Colton Powell | Apr 19, 2023 | Arizona Estate Planning, Asset Protection, Estate Plan, Financial Power of Attorney, Guardian designations, Health Care Designations, Health Care Power of Attorney, Power of Attorney, Why You Should Update Your Estate Plan After a Divorce
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.
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