A power of attorney is one of the most important legal positions you need to fill when creating your will and estate plan. You should review your estate plan every so often to make sure the person chosen is still alive or still in your life. Today, we will take a look at how you can transfer a power of attorney to a different person after you've already named them in your estate plan.
You expect to get an inheritance from your parents. Maybe you've even talked about it with them and contributed to their estate planning. You know there's always an outside chance that you'll get something from your grandparents, as well.
Whether you are headed to the hospital for a surgery or are being moved into a nursing home, you need to give consent prior to receiving any type of treatment. This includes accepting prescriptions, receiving shots, being operated on, receiving cancer treatments and anything else that can be administered to you. Let's take a look at how you can give consent prior to accepting treatment so you do not wind up in a precarious situation.
Even though you sign a living will, it doesn't mean mistakes won't happen when you find yourself in the emergency room (ER). Nurses and doctors rush to make judgment calls when patients are brought into the ER, so much so that they don't fully read the instructions in the living will that you created.
Have you been asked to be the executor of someone's will? This is an important job to have no matter your relationship with the person who made the request. Also know that you have the ability to deny the request. If you want to say yes to the request and take on this role, you need to understand the role of the executor of a will in Florida.
When you have a beneficiary with special needs, it's often in your best interests to provide for him or her through a special needs trust. In the event that you pass away, a special needs trust continues to provide benefits while protecting your disabled beneficiary's state and federal benefits by not increasing his or her income.
Do you have a will? Have you planned your estate yet? If not, you are putting not only yourself but also your dependents and spouse in a precarious situation should you become incapacitated or die. Too many people pass away without a will or other estate documents in place these days. You need to avoid this issue at all costs by asking the following questions when planning your estate in Florida.
A power of attorney is an important designation that everyone should choose at one point during his or her life. This designation is typically found in a will that is created by an individual or a couple. It can be difficult to pick someone to serve as your power of attorney.
When considering how to protect your estate and establish your end-of-life wishes, it is very likely that you will assign a durable financial power of attorney to a representative. Such an appointment authorizes a person you choose to access your finances and take whatever actions are necessary to achieve your financial goals and keep up with your financial obligations.
When a person passes away and leaves a will as part of his or her estate plan, the will may leave the administrators of the estate plan or executor of the will any number of instructions on how to execute that person's wishes. However, wills are not "magical" documents that allow those who create them to skirt the law. Rather, when a will conflicts with the law, the law takes precedence.