Why Parents Should Get a Power of Attorney and Other Advance Directives for Their Young-Adult Children
As parents, we always want to ensure the well-being and protection of our children, even as they transition into young adulthood. While estate planning may not be the first thing on your mind when it comes to your young-adult children, it is an essential aspect of their future security. In this blog post, we’ll discuss Read More
Don’t Risk it: Protect Your Finances From Coronavirus Complications
Many Americans spend a lot of time and effort in managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle—there is another way COVID-19 can wreak havoc on American’s Read More
Attention Gen-X and Millennials: estate planning is not just for “old” people. Even Young Adults Should Start Estate Planning.
Don’t think you need to worry about your estate plan because you’re “too young”? Too busy to worry about it because you’re getting ready for college or just starting your career? Without proper planning, your parents won’t be able to see your medical records if you’re in an accident and won’t be able to participate Read More
3 Tips to Prevent Exploitation with a Florida Power of Attorney
A power of attorney is a legal document delegating authority from one person to another. The maker of the power of attorney is called the “principal.” In the document, the principal grants the right to act on the maker’s behalf as that person’s agent. What authority is granted depends on the specific language of the Read More
10 Tips for Guardians of Older Adults
In my practice, I often help people make decisions for themselves about who will make decisions for them if they are incapacitated. This is an important part of estate planning and can avoid formal guardianship proceedings. Regardless, sometimes there is no other alternative for caregivers of older adults with capacity issues than to seek a Read More
Power-of-attorney has the power to be abused in Florida
A broad power of attorney is one of the most dangerous documents a person can sign. Here’s a cautionary tale of elder exploitation written by Kathryn Varn for the Tampa Bay Times. The lesson to be learned: have an estate planning lawyer draft a narrow power of attorney for you and discuss with your attorney who might Read More
Personal Representative v. Power of Attorney
One of the most common questions I get when I deliver presentations is: What is the difference between a personal representative and a power of attorney? A personal representative is the person appointed by the Judge who has the legal duty to administer the probate estate of the deceased person. If the deceased person (decedent) Read More