News & Analysis as of July 24, 2025

Estate Planning › Financial Power of Attorney

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Dementia Does Not Have to Derail Estate Plans

The Estate Lawyers on 6/18/2025

The Alzheimer’s Association says that more than 55 million people are living with dementia worldwide. In the United States the figure for Alzheimer’s alone is nearly 7 million, on pace to hit 13 million by 2050. We all know...more

Financial Power of Attorney -To Spring or Not to Spring?

Adler Pollock & Sheehan P.C. on 2/7/2025

A financial power of attorney (POA) can be a critical component of your estate plan. It appoints a trusted representative (often called an agent) to make financial decisions on your behalf in the event you’re unable to do so....more

No Time Like the Present: Address Top Estate Planning Priorities Today

Adler Pollock & Sheehan P.C. on 12/19/2023

When it comes to estate planning, consider taking a page out of the Boy Scouts Handbook: Be prepared. The last thing you want is for your family to be scrambling to pick up the pieces after your death. Of course, you’ll need...more

Hot Water Alert! Agent Should Not Co-Own Account with Principal

Downey Brand LLP on 5/16/2023

Financial powers of attorney give the named agent broad control over the principal’s assets and thus are a key component of estate planning. Such powers allow the agent to help if and when the principal becomes incapacitated....more

Isn’t an Online Financial Power of Attorney Form Good Enough?

Ruder Ware on 2/28/2020

When people ask me what they can do to make things easier for their loved ones if something happens to them, the first question I ask is if they have power of attorney documents in place. A good financial power of attorney...more

Estate Planning Pitfall: Your powers of attorney are more than a few years old

Adler Pollock & Sheehan P.C. on 8/6/2015

Health care and financial powers of attorney are critical components of an effective estate plan. As this article explains, after executing powers of attorney, it’s important to periodically review them and execute new ones. ...more

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