- Wills and trust preparation
- Trust formation
- Healthcare proxies
- Living wills
- Estate planning
- Will contests
- Will contests
- Probate / administration
- Health care proxies / living wills
- Power of attorney
The power of attorney is probably the most powerful and for this reason, dangerous estate planning tool.
It is important that everyone has a Power of Attorney, but proper care, including naming appropriate agents and sheltering the document, should be taken to prevent it from being used until it is needed.
A Power of Attorney provides the agent with access to and control of the principal’s assets. An agent has the power to withdraw funds, write checks, change beneficiaries and transfer real estate.
The agent acts in place of the principal's shoes, allowing him or her to make decisions for that person. These are important powers if the principal would be rendered unable to act, but are sufficiently broad to require caution.
A Power of Attorney can prevent the need for obtaining a guardian over a disabled or elderly person who needs help. Because of this, it is important that A Power of Attorney is created while someone is healthy and the document needs to be kept safe.
Creating a Power of Attorney when a person is healthy is far less expensive than appointing a guardian later.