A durable and general power of attorney is an important document that should be at the cornerstone of your estate planning. A power of attorney is most effective in the event of incapacity, such as an illness or event that renders you unable to make decisions or take certain actions on your own. You can decide what works best for your situation and then discussing setting your POA up that way with your lawyer. A Read More
What Does a Convenience Account Have to Do with a Power of Attorney?
If you are concerned about being able to keep up with your banking and your bill paying, using a durable power of attorney is an excellent way to appoint another person to make these decisions and take these actions on your behalf. In the process of setting up your planning, you might run across the term convenience account. If you are older and concerned about keeping up with your financial affairs, it is natural Read More
Should My Financial Power of Attorney Agent Get Extra Authority?
Using a simple power of attorney form makes it seem as though it will be a seamless process to transfer financial authority to this person. However, you might not realize in filling out a simple online form or downloadable PDF that there are significant powers a DIY template like this does not include. It's important to educate yourself about these possibilities so that you can determine whether there are Read More
Preventing Challenges or Conflicts with Your Power of Attorney Document
Creating a financial power of attorney is one of the first and most important steps that you can take to protect yourself in the event that you become unable to make decisions or take actions with your finances. However, you'll want to ensure that your financial power of attorney is properly drafted and accepted. If you think that someone might end up going to court to challenge your durable power of attorney for Read More
How to Make Things Easier for Your Executor
When you name someone as the executor of your estate, you are sending a message that you trust them significantly because this person is responsible for handling all of your affairs when you are no longer around. You are also passing on a lot of tasks and work for this executor because it is a very time-consuming process to wrap up an estate. Some of the steps that you take now can make things much easier for your Read More
How to Deal with an Unexpected Retirement
Your retirement plan is likely entirely contingent on how long you intend or consider yourself able to work. Health crises or economic crises may be pushing more people toward an unexpected retirement or an early retirement than ever before. Even if you don't believe that a retirement is immediately on your horizon, it can be well worth spending some time thinking about how you would adapt quickly if you needed to Read More
Why Being Proactive Is Important for Estate & Elder Planning
You know that you need to create an estate and finding a way to craft these documents will not only give you peace of mind but makes things easier for your loved ones. But if you haven't taken the steps already to put your estate plan into writing, you could be leaving your loved ones to deal with the difficult task of having to wait for the court to process your probated estate. The court becomes empowered to make Read More
Why Those with Neurological Conditions Need Estate Planning
People of all ages and backgrounds can benefit from the process of estate planning. As an elder law practice, we often help people who are approaching retirement age or looking a few years into the future. But for anyone who suffers from a serious neurological condition, it is even more important to schedule a consultation with an estate planning attorney to discuss your next steps right away. There are unique Read More
