If I have a Power of Attorney do I need a will?
- David Greene
- Comments Off on If I have a Power of Attorney do I need a will?
A Power of Attorney and a will are not related and one has no effect on the other. A Power of Attorney has legal validity only during a person’s lifetime and a will has legal validity only after a person…
What is the difference between a Power of Attorney and a Conservatorship? Part 2
- David Greene
- Comments Off on What is the difference between a Power of Attorney and a Conservatorship? Part 2
As I stated last week these are two legal powers that, in many instances, accomplish the same purpose in two completely different ways. I discussed the Power of Attorney last week and will cover the Conservatorship today. A person who…
What is the difference between a Power of Attorney and a Conservatorship?
- David Greene
- Comments Off on What is the difference between a Power of Attorney and a Conservatorship?
These are two legal powers that, in many instances, accomplish the same purpose in two completely different ways. I’ll discuss the Power of Attorney today and the Conservatorship next week. There are several kinds of Powers of Attorney but the…
Is a Trust only for the very rich – Part 2?
- David Greene
- Comments Off on Is a Trust only for the very rich – Part 2?
I mentioned that the three primary reasons for forming a trust are (1) avoidance of probate, (2) asset protection from creditors and (3) the ability to control your assets and how they are used for a long time after your…
Is a Trust only for the very rich?
- David Greene
- Comments Off on Is a Trust only for the very rich?
Absolutely not! People create trusts for different reasons. The three primary ones are (1) avoidance of probate, (2) asset protection from creditors and (3) the ability to control your assets and how they are used for a long time after…
What are some of the most common Estate Planning errors that are made?
- David Greene
- Comments Off on What are some of the most common Estate Planning errors that are made?
There are many mistakes that are made in developing your Estate Plan, but here are some of the most important: (1) failing to name a contingent beneficiary on wills, insurance policies, etc., (2) not reviewing your beneficiary designations on a…
How do you revoke a power of Attorney?
- David Greene
- Comments Off on How do you revoke a power of Attorney?
First let me point out that even though one has the Power of Attorney, he does not have to act pursuant to its authority. However, there can only be one valid Power of Attorney at a time so it would be…
How important is it to have a durable Power of Attorney?
- David Greene
- Comments Off on How important is it to have a durable Power of Attorney?
It is very important! A durable Power of Attorney (POA) is simply legal authorization for someone else to act on one’s behalf. This usually only occurs if the grantor of the POA is incapacitated, but it can be useful in many…
What type of documents should I be considering for my Estate Plan?
- David Greene
- Comments Off on What type of documents should I be considering for my Estate Plan?
When people typically think of estate planning, the first thing that comes to mind is how they can control their assets after death. When considering this, most individuals come in to see us wanting to create some type of will…
If one moves can he write in his new address on his existing Durable and Health Care Powers of Attorney?
- David Greene
- Comments Off on If one moves can he write in his new address on his existing Durable and Health Care Powers of Attorney?
You cannot write on the Durable Power of Attorney. That will void it. Similarly, you cannot write on or make any changes to your will by striking through and writing over. Be sure to let your Attorney-in-Fact know your new…