While almost anyone can create and use a power of attorney, not everyone needs to grant an agent to handle their affairs. However, you can always create a power of attorney that will take effect in the event it is needed. If you are a person in any of the following categories, you should talk to your estate planning attorney to create a power of attorney. Seniors. Aging often requires us to give others the ability to help us manage your affairs. Your estate plan should includedifferent … [Read more...] about Who Needs A Power of Attorney?
power of attorney
Choosing the right Agent under a Power of Attorney is one of the most important choices. This article by my friend and colleague Steve Hartnett, an estate planning expert, discusses the qualities of an ideal Agent and qualities to avoid in selecting an Agent. Read on to learn more. Selecting an Agent … [Read more...] about Selecting an Agent
Only 44% of Americans have even a simple Will. We procrastinate for several reasons. Learn those reasons and how to push past them. My friend and colleague Steve Hartnett, an expert in estate planning, explaing why planning is important. Estate Planning is Too Important to Procrastinate … [Read more...] about Estate Planning is Too Important to Procrastinate
One of the most important considerations in an estate plan is incapacity planning. This article by my friend and estate planning expert Steve Hartnett describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency. 6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...] about 6 Important Estate Planning Considerations – Part 1: Incapacity
When a parent becomes mentally impaired, it is only a matter of time before they need help taking care of their own personal and financial affairs. Some of the common signs of diminished capacity are disorientation and memory loss. When you see these signs, it may be time to consider taking steps to provide necessary care. It would be best however to make plans ahead of time. Whichever course you take, there will be many difficult issues ahead, but your elder law attorney can help. Formal … [Read more...] about Elder Law and Conservatorship
The purpose of estate planning is to prepare clients and their families for the possibility of incapacity and death. There are several different estate planning tools you can use for your plan, depending on the goals you have for the future. An experienced and qualified estate planning attorney can help you choose the right tools for your estate plan. Planning for possible incapacity Incapacity can be the result of a medical condition or an injury. The legal concept of incapacity refers to … [Read more...] about Sacramento estate planning attorney explains the Purposes of Estate Planning
When a parent dies, the surviving family members are typically at a loss as to what needs to be done legally, to handle their assets. Here’s a step-by-step guide to get you started on what you need to do when a parent dies. The best advice, though, is to first consult with an experienced and qualified estate planning attorney to make sure you have covered everything. He or she can help guide you through the process, comply with the many legal requirements of estate administration and help you … [Read more...] about Steps to Take When a Parent Dies
Whether you have a child with special needs or you have a parent dealing with health-related disabilities, disability planning is something you should definitely consider. Regardless of where you child or parent may fall on the disability spectrum, you will want to ensure that your loved one has sufficient resources to be well-cared for in the future, without jeopardizing their eligibility for government benefits. Here are a few things to remember about disability planning. Why Is Disability … [Read more...] about Disability Planning Can Save Your Government Benefits
A power of attorney is a legally binding device that is used across the legal field for multiple different purposes. You would utilize a power of attorney to give someone else the power to act on your behalf in a legally binding fashion. The person who is creating the power of attorney is called the principal or the grantor of the device. The grantor names an agent or attorney-in-fact. This person is given the power to act on behalf of the grantor. There are different types of powers of … [Read more...] about A Durable Power of Attorney Can Prevent a Conservatorship
In today's discussion of basic estate planning questions, we are going to take a look at questions about power of attorney. Understanding what a power of attorney is, what it is used for, then why it is so important when it comes to estate planning is important for everyone. Regardless of your age, circumstances, or individual estate planning desires, your estate plan will almost certainly include one or more of these vital tools. So, here are some common questions about powers of attorney that … [Read more...] about Basic Estate Planning Questions – What is a Power of Attorney?