All too often, it seems like the simplest solution to creating your estate plan is turning online to download paperwork. However, it is all too often the case that problems can arise with either a health care or durable financial power of attorney. If these documents are not prepared or executed correctly and you lose… Read More »
Posts Categorized: Power of Attorney
Created A Will? Good! Don’t Stop There.
A will is a basic and very important component of your estate plan, but it is only the foundation. You may need other documents and strategies in place to help accomplish each of your estate planning goals. You probably created a will to ensure that guardianship of your minor children is addressed if applicable, or… Read More »
What to Know about Gifting Powers with Powers of Attorney
Gifting powers are one of the most consequential provisions in any Massachusetts power of attorney — understanding them before you sign is critical. Why Grant Gift Making Powers? There are a few different reasons why you might work with your estate planning attorney to allow your agent to have gift making powers. For example, perhaps you… Read More »
Why Incapacity Planning Is Important, Even If You’re Married
Estate planning often leads people to start the process with thinking about what happens to their assets after they pass away. That is certainly important and will help your loved ones by making it easier for them to handle your estate. However, incapacity is another leading reason why you need to have an estate plan… Read More »
What’s the Difference Between an Immediately Effective and a Springing Power Of Attorney?
Creating a power of attorney gives you several different options in terms of the powers you’d like to give your agent, the person you choose to serve as an agent and when the power of attorney becomes active. Depending on your circumstances, you might lean one way or the other when creating this power of… Read More »
Power Of Attorney May Be Your First Used Estate Document
Most people think of the will as the cornerstone of their estate planning, but it is far more likely that you may need to activate a power of attorney document first. A durable general power of attorney is usually the document that your loved ones may need to take action if you are unable to… Read More »
How Often Should You Review Your Will and Power of Attorney?
Most people think of estate planning as something that simply must be done. But the truth is that it’s an activity that starts with an initial meeting with an estate planning attorney and should be evaluated every couple of years along with other major life events. If you let your estate plan sit for years… Read More »
When Should I Use a Limited Power of Attorney?
A limited power of attorney can be used for a number of different situations in which you are unable to be present or take action for an event. There are a couple of different examples when a limited power of attorney in Massachusetts could be useful. The first of these is if you become physically… Read More »
An Attorney Needs to Review Your POA Document
Has a person you know asked you to execute a power of attorney naming that individual as your agent? Make sure that you don’t sign this document without first having your own estate planning attorney to review it. Although this is a very popular legal tool and one that you should certainly have in your… Read More »
Using a Power of Attorney Document for a Loved One with Alzheimer’s Disease
There are so many things to think about after your spouse, parent, or sibling has been diagnosed with Alzheimer’s Disease. A power of attorney document should be at the top of the to-do list. Only one in four people with this disease have been diagnosed so far, so it’s possible that many families will be… Read More »