What A Durable Power Of Attorney For Health And Finances Is

A power of attorney (POA) is a legal document in which you give someone the power to act in your place if you become mentally or physically incapacitated. This person is legally allowed to handle important matters (e.g., managing your investments, paying your bills, directing your medical care) for you when you can’t do so yourself. To cover all of your important issues, you’ll need to create a POA for health care issues and another one for your finances. What is a Durable Medical Power Read More +

When Should I Review My Existing Will?

Q: When should I review my existing will? A: If there are no changes to be made, every 10 years your will and your estate planning documents should be reviewed. However, of course, if there are changes over the course of that 10 year period of time, if beneficiaries pass away or family becomes estranged then the changes should be made as needed. But if there are not pressing changes to be made, then every 10 years or so you should sit down and consult Read More +

How Can An Estate Plan Make Things Easier On My Family After I Die?

There are very little or very few choices that have to be made once you have an estate plan. The only thing your family would really need to do once somebody passes is hire an attorney for a probate or hire an attorney to settle up the trust matters. You’ve already presupposed what you want to do with everything prior to your passing so it takes a lot of the burden off your family when you’ve already made those decisions. Picture Credit: Pixabay