Power of Attorney (POA) – The Basics
A Power of Attorney (POA) document is crucial for every estate plan. All states recognize powers of attorney, but rules and requirements will differ from state to state. Still, some parts may be beneficial to all. What Does Power of Attorney Mean? Power of Attorney allows one or more individuals the legal authority to act as your agent or proxy on your behalf. Depending on which POA you choose, the agent's power may be limited to a particular activity, such as a real estate sale, or cover broader applications. A Power of Attorney may give permanent or temporary authority and ... Read More
How to Plan an Estate for a Surviving Spouse
It is difficult to think about anything beyond your grief after losing a spouse or long-time partner. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances and personal estate plan. In truth, estate planning is perpetual as it accounts for changes in marriages, deaths, divorces, and births of children and grandchildren. Assuming that you have an up-to-date estate plan requiring no further action after the passing of a spouse can have disastrous consequences. Your first line of defense to avert problems is scheduling a meeting with your estate planning attorney. ... Read More
