Helping Your Aging Parents with Preparing a Power of a Attorney Now

Helping Your Aging Parents with Preparing a Power of a Attorney Now

Did you enjoy visiting your parents at the beginning of the holiday season? Do you feel with each passing year that they are becoming more dependent on external assistance? Are you ready for what may face them in the future? Do you know if they have a power of attorney? What about who is listed on it? Although it may be difficult, it is important for you and your parents to have a conversation about their wishes for now and in the future and...
Why Your Parents Need a Durable Power of Attorney

Why Your Parents Need a Durable Power of Attorney

Do you know if your parents have created an estate plan, including a durable power of attorney? Right now is the perfect time for this question. Even though your parents are healthy now, what would happen if one or both of them were to suddenly become incapacitated? For example, one or both might lose their mental or physical capacity due to an accident, a sudden decline in health, or the inevitable factors that come as they age. Be aware that...
Why Your Parents Need a Durable Power of Attorney

Why Your Parents Need a Durable Power of Attorney

Did you know that having a durable power of attorney can be extremely useful for you and your loved ones? A power of attorney grants another person the legal authority to make decisions on your behalf. There may be many circumstances in which you might become unable to make financial or legal decisions on your own behalf, whether due to illness or absence. Having a power of attorney included in your estate plan allows someone you trust to do so...
Why Your Aging Parent Needs a Power of Attorney NOW

Why Your Aging Parent Needs a Power of Attorney NOW

Have you heard that one of the most important estate planning documents may be the durable power of attorney? This document can give a trusted adult the ability to manage the affairs of another, should that individual become incapacitated. If there is not a valid power of attorney in place before becoming incapacitated, then the court may appoint a guardian for the individual, and it may not be who the incapacitated person would have...
Four Critical Powers You Need in Your Power of Attorney

Four Critical Powers You Need in Your Power of Attorney

A durable power of attorney is a written document by which a person designates another to transact his or her business. The attorney-in-fact has the full authority to perform, without prior court approval, every action authorized and specifically enumerated in the document. This authorization may even include the authority to sell or mortgage the principal’s real property, including his or her homestead. An existing durable power of attorney...