What a Will Can and Cannot Do
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
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.
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