Category: Power of Attorney / POA
“The best way to ensure that they know and understand your wishes, is to take a copy of your health care proxy with you to your next check up and talk to your physician about it, then ask them to keep the copy on file.” Everyone needs to have an annual checkup, taking stock of […]
“In their trust they leave each other their share upon death and then I would be trustee when my last parent dies. I’m really concerned about this whole deal.” A son has contacted an elder law estate planning attorney now that mom is in a nursing home and he’s unsure about many of the planning […]
Plan needs to address the owner’s personal life and the future of the business. Everyone needs an estate plan but small business owners need to take an additional step and plan for what they want to see happen to their business, according to grbj.com in “Estate planning for small businesses“. Some of the steps recommended […]
Children may not have to make as many major decisions at a difficult time in their lives. Elder law estate planning can make the lives of adult children easier by setting major goals and tasks in the process, according to the Times Herald-Record in “Three ways for seniors to make things easier for their kids“. […]
Transparency is usually the best case, so make that choice wisely. If you decide to choose a family member for power of attorney, remember to consider the possibility of a family feud, according to Considerable.com in “How to assign power of attorney without sparking a family feud“. Start by understanding exactly what is meant by […]
It is important to realize that you can name your power of attorney. A power of attorney is someone you name to act on your behalf should you become unable to handle your finances or make your own decisions. If you do not have a power of attorney, then someone will be named to act […]
Prince did not leave a will and many, many relatives showed up to stake a claim. Not having a will can create some difficult situations for your loved ones and some of them are not expected, according to Arizona Central in “Here’s why you don’t want to die without leaving a will“. For example, in […]
Who do you want to be responsible for your well-being? A will, power of attorney and health care proxy are the key building blocks of your estate plan, according to the Traverse City Record Eagle in “Simple steps to peace of mind“. If you die without a will, your state has a plan in place […]
Leaving a legacy isn’t always about making a big bequest. A Bank of America/Merrill Lynch survey came up with some interesting information, according to The Voice in “How to leave a legacy no matter how much money you have“. The survey included more than 3,000 adults (2,600 of them were 50 and older) who were […]
You can no longer make medical or financial decisions for your children without proper paperwork. It is wonderful to bring up the children, make sure they are educated and see that 18th birthday come along. However, it is important to recognize that many things change from a legal standpoint, according to grbj.com in “Give your […]
