A Financial POA appoints a person to help you make financial decisions if you either cannot or do not wish to make them on your own. This usually occurs when someone is injured or ill and is deemed incapable of making decisions (i.e. incapacitated).
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Single parents find themselves in a precarious position. If something happened to you, the future health, well-being, and financial stability of your child would be uncertain. That’s why taking the necessary steps to create an estate plan ranks among the most responsible thing you can do today. When you begin to imagine what your child’s…
Because of how important estate planning is to your family, you should put time and care into getting it right. At the same time, you never know when something can happen, and you don’t want your family to struggle because you never got around to putting your plan in place. Take these steps now to…
Are you overwhelmed by everything you need to do to create an estate plan? While it’s better to have everything in place now, if that’s too much to handle and would only result in your putting everything off forever, you can try tackling just one thing each month. January: Create Your Napkin Will Start out…
Military professionals often have to face the prospect of austere training environments, combat, overseas deployment, and unconventional missions. Because of these risks, the need to have something substantial for family members who are left behind is vital. In the case of female servicemembers, the need to have an excellent estate plan cannot be overemphasized. Why? Often,…
How a Financial Power of Attorney Keeps Your Assets Protected If You Get Sick Everyone gets injured and ill during their lives. Everyone will eventually pass away, maybe even from an injury or illness. During these times of injury or illness, people can and do lose the ability to speak for themselves or become incapacitated…
Who to Trust to Manage your Finances If You Are Sick or Injured We are all vulnerable to accident, injury, sudden illness. If you fall ill from an unexpected catastrophic injury or illness that leaves you unable to care for those who depend on you or manage your financial affairs, who would you turn to…
What Responsibilities Should a Financial Power of Attorney Have? There may come a time when you need assistance regarding the financial matters in your life. It is better to make preparations for this time now, while you are still sharp and able to make decisions. This is the perfect time to consider finding someone you…
What Is A Limited, General, Springing And Durable Power of Attorney? Although many people have heard of the concept of a power of attorney, not as many are aware that there are many different types of powers of attorney (POA). Nor do they understand the difference between the POA’s. When we talk about a power…
Tips on Selecting Someone to Become Your Financial Power of Attorney Choosing who should hold the powers of attorney over vital areas of concern when making your estate plan is not a decision to be taken lightly. You need to know that the person you choose has the knowledge and maturity to handle the responsibility.…
Do you have a young adult in your life? Is your teenager already looking at schools to head off to, or maybe they already have their bags packed…Yikes! But there is likely something you have not thought about, something every adult should have as they head into this world on their own. Actually, it is…