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Yes — You should have both types of Power of Attorney documentation. No — Just one or the other is not enough

Power of Attorney documents are often an afterthought when someone thinks about their estate plan. Wills and Trusts are used to establish the important directions regarding what should happen to one’s assets upon death, and who should oversee carrying out those directions. However, the planning documents that deal with how things will work while you are still alive but have become incapable of making your own decisions are arguably even more important. This is because you will still be alive and still be impacted by how those decisions are made. A quality estate plan should deal with both death, and with incapacity. Power of Attorney documents are the primary way we plan for incapacity, and you should certainly have a Power of Attorney. Actually, you should have two different types of Power of Attorney documents one for health care purposes and one for financial purposes. Let’s look at why both are necessary for all of us. ....

Health Care Power Of Attorney Document , Attorney Document , Health Care Power , Attorney Documents ,

Need to know how to check up on your own estate plan? Read on

We should all aim to have our legal planning in order, but how do you know if you have what you need in place? Spending a little time reviewing your estate plan every so often is a must. What should you look for? Let’s take it step by step. ....

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Is your will, trust, or power of attorney invalid if you move?

Is your will, trust, or power of attorney invalid if you move?
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United States , Revocable Living , A Revocable Living , Revocable Living Trust , Attorney Documents ,

Are Power of Attorney documents the most important part of an estate plan?

Power of Attorney documents are often an afterthought when someone thinks about their estate plan. Wills and Trusts are used to establish the important directions regarding what should happen to one’s assets upon death, and who should oversee carrying out those directions. However, the planning documents that deal with how things will work while you are still alive but have become incapable of making your own decisions are arguably even more important. This is because you will still be alive and still be impacted by how those decisions are made. A quality estate plan should deal with both death, and with incapacity. Power of Attorney documents are the primary way we plan for incapacity, and you should certainly have a Power of Attorney. Actually, you should have two different types of Power of Attorney documents one for health care purposes and one for financial purposes. Let’s look at why both are necessary for all of us. ....

Health Care Power Of Attorney Document , Attorney Document , Health Care Power , Attorney Documents ,

This new year, resolve to check estate planning off your list

So many of us put off estate planning as something we will “get to soon enough”. However, national statistics indicate that approximately half of all Americans have no estate planning at all. ....

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