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Estate planning is a process that allows you to protect your loved ones by avoiding the expensive and time-consuming probate court process. Estate planning is not just for older adults but is equally important for young adults who have recently gained legal independence. This planning ensures that parents can continue to support their children in [...]
If you are a parent, you are likely accustomed to possessing broad authority to make decisions pertaining to your child’s health, finances, and overall welfare. However, once your child reaches age eighteen, the legal landscape changes and your ability to make these important decisions evaporates. At age eighteen, your child has complete discretion to enter [...]
Many estate planning firms have seen an increase in clients due to the world reopening and people feeling comfortable meeting in person. Everyone, at some point in life, should plan for their wishes, family, and estate. Now is the time to get your legal affairs in order. Peace of mind is worth the effort of having [...]
In a world where many of us have Coronavirus-related fears, a power of attorney is more important than ever, especially if a person becomes incapacitated. A power of attorney allows the principal to delegate authority to the agent, sometimes referred to as the “attorney in- fact,” to act on the principal’s behalf in managing the [...]
A power of attorney allows the principal to delegate authority to the agent, sometimes referred to as the “attorney in-fact,” to act on the principal’s behalf in managing the principal’s financial affairs; however, the principal retains his or her power to perform these same functions. An important component of the power of attorney is “durability,” [...]
A power of attorney allows the principal to delegate authority to the agent, sometimes referred to as the “attorney in-fact,” to act on the principal’s behalf in managing the principal’s financial affairs; however, the principal retains his or her power to perform these same functions. An important component of the power of attorney is “durability,” [...]
The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our senior population. This issue of the ElderCounselor highlights the benefits of a comprehensive, detailed power of attorney, including some of the [...]
