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Category: Financial Power of Attorney

Having a Joint Account With an Adult Child

Having a Joint Account With an Adult Child

In the United States, over five and a half million people suffer from Alzheimer’s disease. As the population ages, more people are expected to suffer from dementia and other cognitive impairments. A joint bank account can come in handy as a means to avoid some of the problems that can come with managing finances when someone is struggling with cognitive impairment. Shared banking accounts can help simplify money management for an adult child and their loved one who is suffering…

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Powers of Attorney and Helping Care for Elderly Parents

Powers of Attorney and Helping Care for Elderly Parents

Introduction: What is a Power of Attorney? (POA) Powers of attorney are documents giving someone you trust the right to make decisions for you if you become incapacitated. Incapacitated means your can’t communicate or understand. POA stands for “power of attorney.” The person making the power of attorney is the principal. The person given authority is the agent. A power of attorney agent is someone who has the legal responsibility to act on your behalf. Regarding health care; an agent…

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Don’t Be Afraid of Estate Planning…

Don’t Be Afraid of Estate Planning…

All work and no estate plan makes Jack a dull boy. All work and no estate plan makes Jack a dull boy. I know estate planning ranks right up there with having a root canal. But, I do my best to make going through the haunted hotel of estate planning as painless as possible. The most difficult part for many is starting. And getting started is as simple as scheduling an initial consultation. During our consultation, I’ll ask you what…

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Updating Your Estate Plan in 2021

Updating Your Estate Plan in 2021

Updating your estate plan with COVID-19 in mind is something everyone should do this year. We will still be dealing with COVID for several more months. Regardless of whether a pandemic exists, reviewing your estate every now and then is always a good idea. During COVID-19, the time is now rather than then. Re-familiarize yourself with your estate plan documents. Carefully read, through them looking any changes to your plan, especially keeping in mind the challenges of living in a…

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Back to School Estate Plan During COVID-19

Back to School Estate Plan During COVID-19

If you work in a school, have a student, or an adult student; I urge you to seriously consider getting your estate plan together. Since I’ve worked in the public school system as a teacher; I know they are some of the germiest places on earth. To keep healthy while I was teaching, I used at least a half a dozen different ways to “high five” students without ever touching them. Kids get germs from school. They’re going back to…

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