There are only two people who can authorize someone to make and carry out decisions on your behalf. One is you, by having powers of attorney in place, one for property and financial matters and one for health care and personal matters. The other is a judge in a guardianship (in Missouri, an estate guardian […]
Estate Planning & Elder Law Minute: Not all Financial Powers of Attorney are Created Equal
Hi, I’m Wes Coulson and this is your Estate Planning and Elder Law Minute. One of the great myths about Powers of attorney is that the only real question is whether you have one or not. Truth of the matter is, not all financial powers of attorney are created equal. They give the authority […]
The Problems with Naming Co-Fiduciaries
When a lawyer asks a client who has two or more children to choose one over the other(s) as the primary agent under a power of attorney or as primary successor trustee under a living trust, what the client often hears is “when it comes right down to it, which of your children do you […]
The $20,000 Power of Attorney
Nobody in their right mind would pay $20,000 just to have a power of attorney drawn up, right? After all, it’s “just a form” – you can even find some free ones online, with a little digging. Well, looks can be deceiving. Sometimes, you need to look past what you pay for and focus instead […]
The Importance of Naming Successor Agents
In this Elder Law Minute, Wes Coulson talks about the importance of having successor agents listed in your Power of Attorney. If you do not name enough successor agents in your Power of Attorney, or if one successor is unable to serve, a judge can go through a long and expensive guardianship hearing to determine who will […]
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