In the event that you are no longer able to manage your financial affairs, who should you trust to make decisions for your financial well-being? A power of attorney (POA), otherwise known as an agent to your principal, has the…
The onset of dementia can lead to a loss of financial security due to the degeneration of your brain function. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings…
As lawyers, we prepare powers of attorney so that our clients can continue to act on behalf of themselves when they are no longer able to do so themselves. But when it comes to actually using those documents at the…
My uncle got critically ill and ended up in the hospital. He asked me to take care of his bills while he is incapacitated. Back in 2002, he named me as his financial power of attorney, so I could write…
In order for your parents to be properly prepared for the future, it is critical to discuss finances with them. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and…
Just like you should visit your doctor for a yearly check-up, you should review your estate planning documents annually to make sure they are up-to-date. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that…