Perhaps one of the most forgotten estate planning tools is the durable
power of attorney. The power of attorney is a legal document that allows
you to designate who can act for you in case of your incompetence.
For example, if your spouse has become mentally incompetent due to an
accident or illness, and you wish to sell the family home so that you can
move closer to your spouse's family, someone has to be able to sign the
closing papers on your spouse's behalf. Just because you are legally
married does not give you the right to sign for him or her.
Without a durable power of attorney, a conservator would have to be
appointed by the probate court. This typically requires a probate court
hearing and testimony from medical professionals.
Please feel free to
contact
our office should you have additional questions about power of attorneys
and the benefits they could provide to you.
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