There are some potential disadvantages of being a power of attorney. For example, the Power of Attorney must be able to make serious choices that could involve the person’s health and estate.
Read MoreSetting up a trust and assigning agents and trustees can be complicated. It is helpful to seek legal guidance to ensure that you understand the options available and their impact.
Read MoreIf your parent is already in the later stages of dementia, he or she is not able to provide POA through conventional methods. Once a person is no longer capable of making his or her own decisions due to dementia or any other reason, you will need to go through the courts to obtain power of attorney.
Read MoreA person can only legally sign a document such as power of attorney if they understand it. If they are in the latter stages of dementia, this may not be possible. In that situation, you are not automatically in charge of the parent’s finances. You must go to court to obtain legal authorization.
Read MoreWhen you wish to allow someone to attend to your matters, you must provide them legal power of attorney. Power of attorney is a legal designation that gives a designee the legal authorization to handle your decisions and finances.
Read MoreWhether you become incapacitated due to a serious illness, or are undergoing surgery, you want to make sure that someone you trust is in charge of your affairs. Power of attorney is a legal designation that allows a person you assign to handle your decisions and finances if you are unable to do so because […]
Read MoreIt is important to prepare for situations that may arise as you get older. For example, it is essential to have a estate plan in place to ensure that your loved ones are cared for in the manner you desire after your death. One part of a comprehensive estate plan is a health care power […]
Read MoreIf you are chosen to the power of attorney for a family member or friend, you will likely have a lot of questions. One of the most common questions estate planning lawyers answer involves the responsibilities of a person chosen as power of attorney. This is not uncommon as many people are only chosen once […]
Read MoreChoosing a power of attorney to handle your estate is one of the most important decisions you will make in life. Hopefully, your will was created early in life and it only needs to be updated when major life events occur. If not, now is the time to create your will and estate planning documents […]
Read MoreCopyright ©2024 Moen Sheehan Meyer, Ltd. | Legal Disclaimer | Sitemap
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.