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Estate Planning | Elder Law | Special Needs Planning

Power of Attorney

Recent Posts in Power of Attorney Category

  • Preparing for the Unthinkable: Why Incapacity Planning Is Important

    Many people think incapacity planning is not for them, assuming only those who are approaching retirement age can benefit. The reality is, accidents can occur at any time and leave us mentally incapacitated. A car accident, for example, can leave victims in a coma while medical conditions such as Alzheimer’s disease can slowly take away a person’s mental capacity. By establishing a detailed ...
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    Sometimes people who don’t have an extraordinary amount of wealth assume they don’t need to discuss estate planning with an attorney. They are aware of the fact that the estate tax is only applicable to large estates, and they think that only those who are subject to the estate tax should plan ahead. There are a number of reasons why this is patently untrue, but the one that we would like to take ...
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    Getting a General Durable Power of Attorney is one of the most important things that you can do as part of your overall estate plan . You should consider the possibility that you might be incapacitated and unable to look after your own interests in the latter years of your life. If you do not plan ahead, then someone else will have to go to court and ask for guardianship over you to protect your ...
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    If you’re like most people, you may not be familiar with the concept of incapacity planning. Incapacity planning is simply preparing for the time that you may be unable or unwilling to make your own day to day decisions. Estate planning encompasses incapacity planning. When would I be incapacitated? Incapacity refers to the time when you would be unable to manage your finances, medical decisions, ...
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  • The Power of Attorney Is Not a Magic Wand

    The power of attorney is a powerful document; likely the most powerful legal document that you’ll ever sign. However, it is not an all powerful magic wand. The power of attorney has limits. Not a Magic Wand The power of attorney is not a magic wand because it’s not always honored, especially if it’s older or the signature looks scribbled. It is common place for a power of attorney to be refused ...
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