This situation requires considered estate planning to protect the arrangement, both for the parent and child, in the event of the parent’s incapacity and what may happen, if and when the parent needs to move to a care facility and/or passes away. If the child is caring for the parent at the parent’s home, the … Continue reading How Does Estate Planning Work for Caregiving Children?
Category: POA
What is an Estate Planning Checkup?
The start of the year is the time to review and revisit your estate plan. Just like going to the doctor and dentist for regular exams, it’s basic self-care. An article from Kiplinger, “Need an Estate Planning Checkup? Now is the Perfect Time,” advises having an annual checkup with your estate planning attorney before anything goes wrong. Estate … Continue reading What is an Estate Planning Checkup?
Can Your Power of Attorney Withdraw Money from Your Bank Account?
A power of attorney, or POA, is a legal document giving another person the legal authority to make financial and legal decisions on your behalf. Known as an agent or attorney-in-fact, you should only name someone to be your POA, if you trust them implicitly and believe they will always manage your affairs with your … Continue reading Can Your Power of Attorney Withdraw Money from Your Bank Account?