Estate planning is often thought of as a way to pass your assets to the next generation at your death. However, another aspect of estate planning is designating someone to manage your financial ...
In Texas, a financial power of attorney can allow someone to manage your financial and legal tasks, like paying your bills and signing contracts, but not making medical decisions or changes to your ...
Whichever type of power of attorney you have, the person who gives the authority is called the principal, and the person who can act for the principal is called the agent, or the attorney-in-fact. You ...
Power of attorney in Ohio is substantially similar to most other jurisdictions. This means that there are two types of power of attorney you can assign in Ohio: statutory (otherwise known as financial ...
What Is Durable Power of Attorney for Finances? A durable power of attorney for finances is a legal document that authorizes another person to manage the principal's financial affairs, including ...
The contrast is stark. With powers of attorney, you maintain control over who makes decisions and how they're made, all while ...
A financial power of attorney (POA) can be a critical component of your estate plan. It appoints a trusted representative (often called an agent) to make financial ...
When people think of estate planning and planning for when “something happens,” many people think of wills. Therefore having a will, even if very outdated, is relatively common. But a will only ...
With my mom, when she went to see the attorney to prepare legal docs, the attorney asked "who do she want as POA?" and mom answered, "my son the banker and my daughter the financial planner." So, the ...