What Are Advance Directives for Health Care? from Raymond German Estate planning is sometimes looked upon as a purely financial matter. However, a well constructed estate plan will include some additional considerations. End-of-life planning should also be part of the equation. There are certain contingencies that you may well face toward the end of your life. … [Read more...] about What Are Advance Directives for Health Care?
You are probably aware of the fact that a power of attorney is a legal device that can be used to give another person the ability to make legally binding decisions on your behalf. There are limited powers of attorney, and general powers of attorney. If you grant a limited power of attorney, you can include stipulations with regard to the extent of the power that you are bestowing upon the agent. With a general power of attorney, you would be giving the agent the power to do essentially … [Read more...] about Do You Surrender Control If You Execute a Power of Attorney?
The matter of guardianship is something to take into consideration when you are planning your estate. When you first think about guardianship, you may think about minor children who are left without parents. Indeed, you can nominate a guardian when you are creating your last will if you have minor children still in your home with you. However, there is another form of guardianship that you should consider when you are looking ahead toward the eventualities of aging. Incapacity … [Read more...] about When Would a Guardianship Be Necessary?
A power of attorney is a document that you utilize to name another individual who would be able to make legally binding decisions on your behalf. We practice in the elder law realm, and in our area of the law, durable powers of attorney are often utilized. Why would you want a power of attorney if you don't particularly want someone else to make decisions on your behalf? You would use a durable power of attorney as a preventative measure. Many elders become incapacitated late in their lives, … [Read more...] about How Does a Power of Attorney End or Terminate?
Alzheimer’s disease is devastating. Over time family memories, children’s birthdates, even spouses and other close family members are forgotten. While treatments can temporarily slow the progression of these symptoms, there is no cure. As researchers work hard to find better ways to prevent development, delay the onset, and find better ways to treat dementia awareness continues to be raised. Still Alice, a major motion picture starting Julianne Moore won 34 awards for the portrayal of Alice … [Read more...] about Raymond: Katherine’s Story
A power of attorney is a legal document that is used to allow someone to act on your behalf in a legally binding manner. The person acting as your representative would be called an agent or attorney-in-fact. You do not have to give the agent the power to act for you under all circumstances. It is possible to create a limited power of attorney. As the grantor of the device, you can decide on the limits of the power that you want to give to the agent. You could allow the agent to make a single … [Read more...] about What Are the Limitations of a Power of Attorney?
When you hear someone talking about incapacity planning, you may tune out. Of course we are all aware of the fact that some people become incapacitated, but it can seem like something that only happens to "someone else." In reality, when you look at the cold hard facts, you will immediately see why incapacity planning is actually important to all of us. Longevity Statistics First of all, you should understand the current state of affairs when it comes to longevity. According to the … [Read more...] about Is Incapacity Planning Really Important?
A guardian is a person who is appointed by a court to handle the affairs of someone who is incapable of handling his or her own business. When a child is left without a parent or legal guardian, a guardianship proceeding could be convened. This is the scenario that may come to mind when you hear the term, but a significant percentage of adults become unable to make sound decisions at some point in time due to incapacity. Under these circumstances, interested parties could petition the court … [Read more...] about What Are the Advantages and Disadvantages of a Guardianship?
Why Should I Have a Durable Power of Attorney in Minnesota? from Raymond German A comprehensive estate plan will address contingencies that you may face toward the end of your life. With a durable power of attorney, you empower someone to act on your behalf in the event of your incapacitation. Learn more about durable power of attorney in Minnesota in this presentation. … [Read more...] about Why Should I Have a Durable Power of Attorney in Minnesota?
Incapacity planning is something that you should consider seriously when you are looking ahead toward your senior years. It is clearly not the most pleasant prospect to ponder, but a significant percentage of elders do become unable to handle all of their own decision-making at some point in time. Who would make decisions on your behalf if you were to become incapacitated? The answer to this question is entirely up to you. If you do nothing, interested parties could petition the state to … [Read more...] about Should I Have a Durable Power of Attorney for Health Care?