Aug 19, 2020 | Estate Planning, Last Will & Testament, Power of Attorney
Surprisingly, yes. You can revoke a will as long as there’s some overt act that shows the intent to revoke the document. I’ve seen it where it’s tearing, where there’s burning, obliterating. You just need to show some kind of overt act to...
Jul 23, 2020 | Estate Planning, Power of Attorney
Yes, you can name two people to serve as your agent at the same time, they would be co-agents. It’s just a bad idea in application. Say, for example, the first person you name as a co-agent goes into the bank in the morning and says, “Hey. I need you to...
Feb 7, 2020 | Estate Planning, Power of Attorney
If a person’s incapacitated and has a revocable trust, you still want to make sure you have that durable power of attorney. So the answer to that question is yes, the trust document only controls what assets are titled or funded inside of that. The power of...
Oct 16, 2019 | Power of Attorney
Yes, the agent acting under a power of attorney has a fiduciary responsibility to act solely for the benefit of the principal. You also have a responsibility not to create a conflict of interest that would affect their ability to act impartially on behalf of the...
May 6, 2019 | Power of Attorney
A durable power of attorney is the legal grant of authority that you give to another person to handle your financial affairs for you if you can’t. Typically it would be a spouse or a child, and it allows them to deal with banks, financial institutions, write...
Apr 28, 2015 | Power of Attorney
A third person who improperly rejects a power of attorney is subject to: 1. A court order mandating acceptance of the power of attorney; and 2. Liability for damages, including reasonable attorney fees and costs, incurred in any action or proceeding...
