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Posts tagged "Powers of Attorney"

Understanding powers of attorney in Massachusetts

Appointing a power of attorney for your estate is arguably one of the most important decisions that you will have to make. It gives this person power to essentially make decisions on your behalf. They are most often used in an estate plan, when foreseeing the possibility of becoming incapacitated in the future. They may also be used by military service members during the time that they go on active duty.

Appointing a power of attorney does not need to be nerve-wracking

When you are thinking about the future of your health, you may come to the conclusion that appointing a durable power of attorney is a sensible option. No one knows what the future holds, and it is important to many of us that a person we trust will be able to act on our behalf if we become incapacitated in some way.

Debunking myths about power of attorneys

You may come to a point in your life where you deem it appropriate and beneficial to consider appointing a power of attorney, or you may be thinking about helping a loved one to appoint a power of attorney. Doing so can be a great way to have peace of mind about the state of your loved one's finances and health care in future years.

Challenging a power of attorney in Massachusetts

When a person becomes ill and lacks the mental or physical capacity to make certain decisions, it can be difficult to give appropriate treatment based on the person's wishes. In addition, it can be impossible for the person to manage his or her finances. This is why another person may need to make decisions for them. This can be achieved through power of attorney (POA) status.

What's the role of powers of attorney fiduciary?

If you've begun the estate planning process, then you've likely heard the term "fiduciary" thrown about. This word can be used to describe the duty that either an institution or a person has to protect the interests of another with the utmost loyalty, trust and honesty. Some refer to this obligation as providing a "higher standard of care".

What should I consider when selecting a power of attorney?

A power of attorney (POA) is a document that should form part of your estate planning toolkit. There are many different types of them, each with different purposes. One may allow you to appoint another individual to handle your finances. Another may allow you a designee to make medical decisions for you.

The law on power of attorneys in Massachusetts

Americans are living longer than ever, and with increased age comes additional concerns about how we will be able to live our lives with dignity and peace in our later years. As we live longer, conditions such as dementia can develop, and it can lead to a situation where a person is physically healthy, but his or her brain is not.

The regulations for powers of attorney

If you suffer from a disability or have a condition that is expected to progress over time, then you may have thought about the possibility of you becoming incapacitated, and therefore unable to make legal decisions, at some point in your lifetime. In order to prepare for this possibility, it is likely that you have considered selecting a power of attorney that can act on your behalf legally when this time comes.

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