It is not strange for individuals to confuse creating a will as opposed to estate planning. Ultimately, a will is legal documentation that declares how you want the possessions that comprise of your estate to be distributed following your passing away. On the other hand, a will is just one of the documents included in…
Naming an individual to act on your behalf carrying out a power of attorney (POA) document is a very important decision. Whereas POA can be given to anybody, most people usually decide on a trusted family member to manage the responsibility of making health and/or financial decisions on their behalf. Elderly parents usually name their…
A durable financial power of attorney is a straightforward way to arrange for an individual to manage your finances. The durable power of attorney for finances – often known as a financial power of attorney — is a straightforward, affordable, and dependable way to plan for an individual to manage your finances if you were…
Together with a will, power of attorney (or POA) for finances and healthcare needs be part of everyone’s estate planning documentation. Read below to find out about the different kinds of power of attorney documentation, and when each might be needed. There are a lot of reasons to implement a power of attorney, and there…
A financial power of attorney (POA) is legal documentation that enables a reliable agent authority to act on the principal agent’s behalf concerning economic issues. The former is also known as an attorney-in-fact, whereas the principal-agent is the individual that grants the authorization. This type of POA is also known as a general power of…
Discover how to acquire power of attorney for older parents or loved ones. Powers of attorney can bring serenity to both the elderly and their caregivers. Powers of attorney enable elders to permit a trusted individual to make decisions about healthcare and financials on their behalf. Having these powers in place when a loved one…
