In estate planning, the durable power of attorney is extremely important for a number of reasons. It allows you to decide who will step up to the plate and carry out your financial decisions and affairs should you become incapacitated. Needless to say, when deciding who to appoint as a Power of Attorney, it’s a powerful role you’re filling and your … [Read more...] about Understanding the Durable Power of Attorney
durable power of attorney
Powers of attorney are legal documents you can create to give other people the ability to make legally binding decisions on your behalf. There are a wide variety of powers of attorney available for you to use, differing by the powers granted, the time when the powers take effect and how long the powers last. Power of attorney laws differ … [Read more...] about Different Types of Power of Attorney
A Power of Attorney (POA) is a document that allows you to name someone to make a decision for you. Your Power of Attorney will dictate what decisions can be made and what your wishes are so they can be followed. For disability planning, there are two common types of POAs: medical and financial. Medical POA A Medical Power of Attorney … [Read more...] about Should You Create Separate Medical and Financial POAs?
Have you been named as an Attorney-in-fact on a family member’s Power of Attorney (POA)? Your responsibilities may vary depending on the size of the assets in question and on what powers your loved one had granted to you. Manage Business Affairs If your family member owns part or all of a business, you may be in charge of helping to run that … [Read more...] about What Are Your Duties as Attorney-in-Fact?