by eespin | Estate Planning
The principal, or the person that the medical POA is assigned to, can terminate the arrangement at any time. Of course, if the principal is no longer sound of mind this will be taken into consideration by the court. People who can override the POA Other people can...
by eespin | Estate Planning
Medical directives are often mistaken for medical power of attorneys, but there is a difference. For example, if you were in a car accident, the directive would help the doctors determine if you should be kept on life support. In the same scenario, if you had an...
by eespin | Estate Planning
Like living wills, a medical or advance directive is where legal instructions and preferences for medical care are recorded. Written directives are made to guide the choices of caregivers and medical professionals in the event that you become seriously injured,...
by eespin | Estate Planning
The most important thing to consider when selecting a medical power of attorney is whether or not you trust the person. They should be competent and have your best interest in mind. Many people will select a family member or close friend to be their medical power of...
by eespin | Estate Planning
Do you know what would happen if you were put on life support and unable to make your own medical decisions? A medical power of attorney and advance directives are both tools you can use to protect yourself in that exact situation. What is a Medical Power of Attorney?...
by eespin | Estate Planning
You’ve probably heard plenty of horror stories about Grandpa Harvey or Great Aunt Agnes dying broke and alone in hospitals surrounded by strangers. While you can’t prevent every unfortunate event, here are some actionable tips to help you create an estate plan that...
by eespin | Estate Planning
Estate planning attorneys deal primarily with wills and trusts, although they may also act as executors under a will. They are responsible for ensuring that proper documents are drafted and executed and provide guidance and assistance during the drafting process. On...
by eespin | Estate Planning
Another type of estate plan is known as a “family trust.” The purpose of a family trust is to provide for the care and support of minor children after the death of both parents. Family Trust A family trust directs the distribution of an individual’s...
by eespin | Estate Planning
Many people think estate planning involves simply creating trusts and wills, but these documents aren’t the only ones to consider. There are also living wills, powers of attorney, and health care proxies. Here’s a quick overview of each type of document....
by eespin | Estate Planning
An estate plan is a set of legal documents that spell out how you want all of your assets to be distributed after you die or in the event, you become incapacitated. An estate plan may include a living will, a durable power of attorney, a beneficiary designation form,...
