Some things that a LAST WILL AND TESTAMENT does are the following:
Purpose of a Last Will and Testament
For more information on WILLS please view our videos in the WILL category to understand what obstacles can pop up when drafting and executing a will. Also, feel free to call our office to schedule an appointment to discuss your particular situation.
A POWER OF ATTORNEY
A POWER OF ATTORNEY is a document that can give tremendous power to the agent named. If you give your agent the power under this instrument they can do a number of things, including but not limited to:
Purpose of a Power of Attorney
Although this is a tremendous amount of power to bestow on another person, it’s an absolute necessity because of factors such as Dementia, Alzheimers and a slew of other diseases which might effect capacity. Also, we want to ensure that this is in place in the event of a catastrophi accident or a stroke that could make you unable to tend to your financial affairs. Doing a power of attorney can save you $20,000 or more in legal fees and time! If you do not have a POWER OF ATTORNEY and need one, the only other option is for a family member or friend to apply for a GUARDIANSHIP for your benefit. The process of GUARDIANSHIP can take months and cost thousands. Please make sure you appoint a power of attorney agent today to obviate the need for such a costly and time consuming process. Of course, the person you name as the agent you must TRUST completely. For more information on POWERS OF ATTORNEY please view our videos in the POWER OF ATTORNEY category and feel free to call our office to schedule an appointment and discuss your needs.