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Posts tagged "Powers of Attorney"

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.

What are health care proxies?

When people are writing their wills or living trusts, they are wise to think about any possible scenario that might arise after their death or during their lifetime when they might become incapacitated or of ill health. They naturally will want to prepare as much as possible for all scenarios, so that they can be in control of their future and the future of their assets.

What are powers of attorney?

The future is unpredictable. We don't know when something can happen that might incapacitate us from being able to make important governing decisions about our estate. But what is in our control now is the ability to put certain things in place so that if we were to die or become incapacitated, our estate and other practical matters would be put into the hands of a trusted person that will become an agent.

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