Category Archives: Estate Planning
Power of Attorney Part 3: Who needs a Power of Attorney?
A Power of Attorney (POA) is vital for any adult. In fact, adult children who are 18 years of age or older should have a POA. Even if the parent of an adult child pays for school and medical bills, personnel from these institutions are not allowed to speak to the parent; only the child. Let’s look […]
Power of Attorney Part 2: A closer look at the Agent’s duties under a Power of Attorney
We discussed the basic definition of a Power of Attorney (POA) in Part 1 of our series on POAs. Now let’s take a closer look at the powers granted to the Agent by a POA, and what responsibilities accompany them. A POA could be “limited” to a few or one authority, i.e. sign papers for you at […]
Power of Attorney Part 1: What is a Power of Attorney?
A Power of Attorney (POA) is a legal document that lets another person (the “Agent”) make financial, health, and living arrangements for you (the “Principal”). This other person should be an individual whom you trust (such as a spouse or adult child), as they will able to act on your behalf. Some of their duties […]
