To be comprehensively, prepared for the eventualities of aging, you should consider the possibility of future incapacity. While this may not be the most pleasant subject to address, it is very important to take action to protect yourself, because incapacity is quite common among elder Americans. Topics in this report include: Understand the facts Hand-picked […]
Power of Attorney
When Does a Power of Attorney Become Effective?
A power of attorney is a legally binding device that is used to give someone else the power to act for you. Incapacity is common among elders. A certain type of power of attorney is used to empower a decision-maker who could act on your behalf if you were to become incapacitated at some point […]
Incapacity Planning in Davenport: What’s the Difference Between a Power of Attorney and a Guardianship?
Your estate plan should include an incapacity planning component. A significant percentage of people become incapacitated late in their lives. If you cannot make your own decisions, who would be empowered to handle your affairs? This is the question that you answer when you create an incapacity plan. With this in mind, let’s look at […]
Should I Have a Durable Power of Attorney for Health Care?
Planning ahead for the future should be looked upon as a holistic endeavor. You plan ahead for your active retirement years, and they naturally lead into the twilight years. Ultimately you will pass away, and this is where estate planning comes in. Incapacity is a very real possibility during those twilight years. There are other […]
What Is the Difference Between a General and a Limited Power of Attorney?
A power of attorney is a legal device that is used to empower someone to act on your behalf. If you are the individual who is creating the power of attorney, you are known as the grantor or principal. The individual that is empowered to act on your behalf would be the agent or attorney-in-fact. […]