
Is It Important for Physicians to Have an Estate Plan?
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
As you know, a power of attorney (POA) allows another person, the Attorney-in-Fact (AIF), to conduct business on behalf of the principal. The POA authorizes the AIF to sign for and on behalf of the principal.