Power of attorney can empower an individual, the agent, to make decisions on behalf of their elderly parent or parents. This authority becomes particularly important as aging parents may face challenges in managing their financial, health care and legal matters. It is...
Power Of Attorney
3 things you should know about durable power of attorney
One frequently underestimated element of a comprehensive estate plan is the durable power of attorney. A durable power of attorney extends authority to the person of your choosing if you cannot make financial, medical or legal decisions on your own. There are a few...
Is it possible to revoke the power of attorney?
Have you ever wondered if you can change your mind after giving someone Power of Attorney (POA)? This is a common question, especially as life's circumstances shift and evolve. The power of attorney, a legal document entrusting someone else to make decisions on your...
Misconceptions about a power of attorney in your estate plan
Estate planning involves making important decisions about how to manage your assets and affairs in case you become incapacitated or pass away. One powerful tool in this process is the power of attorney. However, many misconceptions surround the power of attorney,...
Why name 2 agents in powers of attorney instead of 1 person?
Powers of attorney are popular inclusions in modern Virginia estate plans. These designations help to protect adults from involuntary guardianship and financial hardship in the wake of incapacitation due to severe injury or illness. By allowing someone to act on...
How your estate plan can reduce probate challenges later
Your estate plan describes what you want to do with your property after your death and provides certain key protections for family members who depend on you, possibly even your pets. It is natural to expect that your loved ones will follow your instructions and...
What qualities does a power of attorney designee need?
Some people who are creating an estate plan focus on making sure their assets are distributed according to their wishes. They should also remember that they need to include end-of-life plans in the estate plan so they can have a say in what happens if they become...
Can you replace the existing guardian caring for a family member?
Guardianship offers important legal and financial protections to those who are vulnerable because of age or medical issues. Whether due to a traumatic brain injury or Alzheimer's disease, some adults will eventually become unable to manage their own lives. A guardian...
Why a do-it-yourself will isn’t good enough
You know it’s time to get a will in place. There are too many unpredictable things happening in the world. Or maybe you’re planning to take a cruise or a long road trip, and you want to be sure your intentions for who gets your assets are clearly codified in case...
Powers of attorney are not just for older people
Powers of attorney are very useful legal documents that too many people overlook. They give another adult the authority to act on your behalf. Financial powers of attorney can give someone the right to access accounts and pay bills for you if you become incapacitated....