An estate plan can be as simple as just a will, but it can also include many other documents and strategies designed to help you reach your individual goals. Working with a knowledgeable estate planning attorney is extremely important for identifying what does and doesn't belong in your estate plan. Furthermore, having an established relationship with an estate planning lawyer makes it easier to reach out, should Read More
Do I Need a Power of Attorney If My Spouse Is Showing Signs of Mental Decline?
Showing early signs of dementia or other cognitive issues might prompt you to schedule a consultation with an estate planning lawyer. Many people get advised at this stage in time to create a financial power of attorney. If these medical issues are happening to your spouse, however, you may be wondering if this is necessary. One of the most important things to remember is if a loved one is showing signs of mental Read More
What Millennials And Gen Z Need To Know About Estate Planning
Everyone needs estate planning, but plenty of people skip over the importance of creating basic estate planning documents. You might think that estate planning doesn't apply to you because you're relatively young, but any number of celebrity and news stories can show you just how dangerous it can be to skip an estate plan. It is always shocking to find out when a celebrity who had significant assets didn't take any Read More
Major Events in Your Life That Can Influence Your Estate Planning Strategy
Your estate may have been created when your life was relatively simple, such as if you created power of attorney documents when you headed off to college. However, you may need to update your estate plan at multiple points throughout your life based on changes in your life, and outside circumstances. Estate planning is valuable on a regular basis, even without a specific prompt. That's because you never know when Read More
Have You Planned For The Possibility Of Disability?
If you need to stay in a nursing home, who will pick up the bill? This important and stressful question is not one you want to consider in the wake of a serious medical condition. When you’re scrambling to get your medical care in order and need urgent help, you don’t want to be limited by the financial aspect of getting proper care. But so many Americans overlook the possibility that they might end up in a care Read More
How Does a Power of Attorney Work in New Hampshire?
Do you have a plan for what happens if you’re incapacitated and not able to speak to your own decisions? If not, you should do this in a power of attorney plan. A power of attorney allows the appointed agent to act on behalf of the principal or the creator. The creator of the document determines whether or not the power of attorney is specific or more general in nature. When the agent can show this document to other Read More
Should I Make My Power of Attorney Agent Joint Owner of My Bank Account?
One of the most common tasks handled by a power of attorney agent is the paying of bills and the writing of checks from a bank account. To do this, you'll need to have your agent's name added to your account, which is when you might mistakenly put this person on your account as a joint owner. Adding a name to an account and giving someone joint owner responsibilities with full authority to use the account as their Read More
What You Need to Know About Adult Children Taking Over Your Finances
Whether you’re caring for an aging parent and have questions about what it means to be their power of attorney or you’re looking to sign a power of attorney to name one of your children as your agent, it’s important to be clear about how a power of attorney works in New Hampshire. A durable power of attorney makes it possible for someone else, known as your agent, to take on the role of managing your finances. Read More
When Should I Update My Power of Attorney?
Many of the same events that would prompt you to update your estate planning documents like a will should cause you to reconsider whether or not your power of attorney still makes sense. This can include recently having gotten married and wanting to designate your spouse as your agent, getting separated or divorced from your current spouse, a child or other family member who is grown in maturity and has shown they Read More
Four Important Terms Related to Powers of Attorney
A power of attorney can be specially crafted to align with your individual needs and expectations. It is very important to familiarize yourself with some of the different aspects of different power of attorney forms to ensure that you have selected the right type of power of attorney based on your individual circumstances and the person you intend to appoint. A power of attorney allows you to name an individual Read More
