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 »
Posts Categorized: Power of Attorney
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 »
Durable POA Basics for Massachusetts
Ensuring that your legal and financial wishes are met by a trusted person or family member if you become incapable of handling them on your own, is the purpose of creating a Massachusetts durable power of attorney. This gives the person you install in such a role, referred to as an attorney-in-fact, legal authority to… Read More »
What You Need to Know About Long Term Care Following an Incapacitating Event
A major concern for many clients today is what will happen if they require long term health care in a nursing home, but are no longer at the point where they can make important health care and financial decisions on their own due to a prolonged medical condition, serious injury, or dementia. This is particularly… Read More »
Are You Leaving a Legacy with Your Massachusetts Estate Plan?
It’s difficult to talk about what will happen to your loved ones after you are gone. This sensitive and difficult subject leads to many people avoiding the topic of estate planning at all. However, this can unnecessarily expose your family to feeling caught off guard, confused or even mired in conflict if an unexpected tragedy,… Read More »
Tips for Rescinding A Power of Attorney in Massachusetts
If you have previously established a power of attorney in Massachusetts, naming someone else as an agent and wishing to update this, it’s recommended that you do so under the guidance of an experienced attorney. You have the right to rescind your Massachusetts power of attorney document at any point in time, so long as… Read More »
Do You Have a Decision Maker You Trust? You Need One
One of the most important steps in the estate planning process is deciding who will make financial decisions on your behalf if you can’t. But this process, including power of attorney creation, can be easily overlooked. Most people are familiar with the fact that the estate planning process is used to help distribute your assets… Read More »
Do I Need a Power of Attorney and a Last Will?
If you’ve spoken to any estate planning attorney or started research of your own, there’s a good chance that you’ve uncovered these two basic tools: a power of attorney and a last will. Together, these documents form the foundation for your overall estate plan. However, they do not accomplish the same goals and a comprehensive… Read More »