Downs Law Firm, P.C.
As lifespans increase, our elders grow in number, and government elder benefits become more politically tenuous, the need for empathetic family elder caregivers keeps increasing.
A power of attorney gives someone the authority to act on your behalf. However, understanding the scope and limits of that power is essential to protect your interests.
The most important ability in an estate plan is availability.
While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it’s an important aspect of good financial planning that shouldn’t be ignored.
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
At such an emotional time, more paperwork is probably the last thing you want on your to-do list. However, taking a few key steps is critical to your financial future.
The death of a loved one results in an emotional grief that, when combined with large sums of money on the line, can cause the beneficiaries of the will or trust or the heirs of the deceased to challenge the validity, interpretation, or administration of the will or trust.
Thanks to the Internet, everyone has the ability to draft wills, trusts, and a variety of other legal documents. Many documents can be produced for less than $100, requiring only a few mouse clicks and filled-in blanks.
Your proxy should be willing to speak on your behalf and act on your wishes, not their own.
Normally, your doctor explains your health care options. You then decide what is best for you. What happens if you are too ill to make decisions for yourself? Who do you want to make those decisions for you?
