It is a common misconception that spouses can easily and automatically take over each other’s affairs, if necessary. That is not always the case with everything. There may be some accounts that are not in your spouse’s name, so they may not be permitted access. That is why one of the most important tools, in both elder law planning and estate planning, is the power of attorney. For many married clients, a joint revocable living trust is an even better solution. … [Read more...] about Can my spouse or relative automatically handle my affairs if necessary?
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