
Is My Estate Plan Set with a Power of Attorney?
When do you need your estate plan to “go to work” for you? While you may think the right answer is “after I die,” the actual answer is “if I lose the ability to manage my own affairs.
When do you need your estate plan to “go to work” for you? While you may think the right answer is “after I die,” the actual answer is “if I lose the ability to manage my own affairs.
When do you need your estate plan to ‘go to work’ for you? While you may think the right answer is ‘after I die,’ the actual answer is ‘if I lose the ability to manage my own affairs.’
First, let’s debunk the myth that an estate plan needs to be both elaborate and expensive.
Most people can’t wait for retirement, and even more would likely opt for some form of early retirement, if they had the opportunity. Whenever you ultimately decide to cut down your time at work or leave the workforce altogether, you need to ensure that you have a full slate of estate planning documents in place.
Many people focus on only protecting their estate from probate. However, in the big picture, probate is the least of their worries.
Estate planning is the process of arranging who will receive your assets when you die.
As part of your estate planning, don’t forget to consider a power of attorney.
Estate planning can come in a variety of forms, from basic beneficiary designations when you open a bank or brokerage account to more complex and comprehensive plans.
Develop a successful transition plan that will provide for you, your heirs and your business.
A power of attorney (POA) is a powerful thing. A financial power of attorney document allows an appointed person to make financial, legal and property decisions on another individual’s behalf.
Aurora Professional Building
1402 S. Elliott Ave., Suite F
Aurora, Missouri 65605
Copyright © 2023 Ozarks Legacy Law. All rights reserved. Some artwork provided under license agreement.