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,...
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....
How do you revoke a will in Virginia?
You may have a will that you prepared many years ago. Your life has changed in many ways since you signed that will. Named beneficiaries or executors may no longer be living. You can cancel your last will and make a new one to reflect your updated circumstances....
Protect your medical and healthcare needs with powers of attorney
Knowing you can depend on a trusted relative or friend to make your medical and financial decisions if need be is important, especially as you grow older. However, no matter what your age, powers of attorney (POA) for healthcare and finances will provide you with...
Does your family know your preferences for end-of-life care?
If you are like many Americans, you may have put off speaking with your doctor and loved ones about your wishes for end-of-life care. However, having those difficult conversations is important. In addition to ensuring that health care providers know your treatment...
