
Don’t Miss Out on Estate Planning Opportunities
People often overlook critical steps when they are doing their estate planning.
People often overlook critical steps when they are doing their estate planning.
Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.
In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
The term ‘conservatorship’ was suddenly all over the news this year because of singer Britney Spears. However, whether you’ve been reading up on the topic because of current events or you’ve been trying to understand it for personal reasons, the legal jargon can be confusing.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
Selecting medical powers of attorney is an important step that aging parents should take to ensure they get the care they wan,t if they are unable to advocate for themselves.
With a Power of Attorney, you designate which individuals are in control of your assets and who can take care of your affairs, if you are unable to do so.