Power of Attorney and Other Legal Forms
A Power of Attorney (POA) is a legally binding document that allows you to appoint a person of your choosing to manage your property, medical and/or financial affairs. It is typically used in the event that you become unable to manage your own affairs. A POA, along with such documents as wills, beneficiary designations, guardianship designations, and trust, are all part of a successful estate plan.
- Benefits of Power of Attorney DetailsThe unpredictability of life makes preparing a Power of Attorney as part of your estate plan an important goal. You never know if and when you may be unable to manage your own affairs.
- Who should you choose for power of attorney? DetailsA power of attorney is a legal document in which you authorize a person of your choosing to act on your behalf should you become physically and/or mentally incapacitated. What factors should you consider before choosing your POA?
- Can you put a 401(k) account in a living trust? DetailsFunds remaining in your 401k at your death should be designated in a living trust to benefit you and your heirs.
- Power of Attorney mistakes DetailsA Power of Attorney is an essential component of a comprehensive estate plan because, if you should become incapacitated, it allows a trusted individual or agent to make financial decisions on your behalf. POA mistakes can be costly and result in significant stress to you and your family …
- Update your beneficiary forms now DetailsAccording to financial experts, failure to update beneficiary forms is one of the most common and costly retirement and estate planning errors…
- What you don’t know about Power of Attorney laws DetailsA Power of Attorney is a legal document that allows another person of your choosing to act on your behalf. There are two types of POAs – a regular POA and a Durable POA.
- How do living trusts and pour-over wills relate DetailsA pour-over will is necessary if you’ve created a living trust as part of your estate plan. It acts as a safety net, capturing any assets and property that haven’t been transferred to the trust during your lifetime and ensuring that they are placed into the trust after your death….
- How to get power of attorney for elderly parents DetailsAt some point, there’s a chance that you’re going to have to step into a decision-making role for your parents when they’re no longer capable of making their own decisions concerning financial and legal matters or about health care….
- How to handle sudden death of a parent DetailsThe death of a parent is very hard, but, if that death is unexpected, it will be even more difficult emotionally and physically.
- Is a DNR right for you? DetailsJust as important as making your wishes known regarding the disposition of your estate after death is planning for your end-of-life care. Advanced directives are legal documents that inform your family as well as your doctor about the type of medical care you want if you’re not longer able to so yourself. . .
- What is a Durable Power of Attorney DetailsA durable power of attorney lets you name someone to make decisions regarding your financial affairs and healthcare should you become incapacitated. . ..