What financial powers of attorney include and don’t include can end up making a tremendous difference at a critical time. For people concerned with asset preservation planning, this is incredibly important. Think of the financial power of attorney as a tool kit, one that you’re building for the person that you’re naming as agent to do things […]
Why You Really Can’t Do Without Powers Of Attorney
The single-most important estate planning documents to have in place are powers of attorney. There are only two people in the world who can put someone in charge of making and carrying out decisions for you if you become incapacitated. One is you, by having powers of attorney in place, and the other is a […]
Why You Want to Avoid Guardianship or Conservatorship For an Alzheimer’s Victim
People diagnosed with Alzheimer’s will, unfortunately, eventually lose their capacity for making decisions. When this happens, if they don’t have someone who’s been given authority to act for them through powers of attorney, the only alternative is court proceedings that are known as guardianships and conservatorships. There are many reasons why you would want to avoid guardianship or […]
Alzheimer’s and Why Powers of Attorney Need to be Durable
Alzheimer’s is a progressive disease and unfortunately people with Alzheimer’s will eventually lose their capacity to make decisions. So, it’s important that certain legal documents, especially powers of attorney, are not only in place, but done so that they will still serve their purposes at the time that it is going to be needed the […]
Immediate vs. Springing Powers of Attorney: Which is better for someone with Alzheimer’s?
Just as the title suggests, immediate Powers of Attorney take effect immediately. This is quite different from springing Powers of Attorney, which don’t take effect until the determination of incapacitation. While it’s evident that a person with Alzheimer’s should have some Power of Attorney in place, the question becomes which type of Power of Attorney […]
