In an earlier discussion, we talked about what it means to be an attorney in fact, but we didn't offer any guidance about what you might say if someone asks you to be an agent. If you are asked to be an agent, also called an attorney in fact, what should you say? What will you need to do if you accept, and what will happen if you decline? Today we're going to look at some of these questions to give you a better idea about what you need to think about if you are ever asked to be an agent. Who … [Read more...]
Qualities of the Ideal Agent
Choosing the right Agent under a Power of Attorney is one of the most important choices. This article discusses the qualities of an ideal Agent and qualities to avoid in selecting an Agent. Read on to learn more. Selecting an Agent … [Read more...]
What Is A Springing Power Of Attorney?
Estate planning attorneys in our Overland Park office provide assistance to those wanting to create a power of attorney. A power of attorney is a powerful part of your estate plan. It allows you to control and choose who will manage your assets and make your decisions for you if you are not able to act on your own because you have become incapacitated. However, creating a power of attorney is not as simple as just delegating authority to an agent of your choosing. You … [Read more...]
Who Should Be An Agent When Creating a Power of Attorney?
When you create a power of attorney (POA), you have to name someone to be your agent or attorney in fact. The reason for creating your POA is to select the person who will to be in charge of decision-making for you when you cannot make your own choices. This decision of who to name as your agent is of utmost importance. Parman and Easterday can help you determine who should be your agent when you create a power of attorney. Our dedicated legal team has helped … [Read more...]
2 of the Most Common Myths About Powers of Attorney
It's important to be aware of some common myths about powers of attorney that often confuse or needlessly complicate the estate planning process. Using powers of attorney wisely, drafting them properly, and ensuring that they are made to match your individual needs is one thing, but you might need to get past some common myths to make sure you can get the most out of these vital tools. Today we're going to take a look at a couple of common myths about powers of attorney and why they are not … [Read more...]
Survey: 61% Without Living Will
People have no problem planning ahead for many things, but for some reason estate planning and elder law issues are often placed on the back burner. Surveys consistently come back with results that are quite disturbing with regard to the estate planning preparedness of American adults. They say that death and taxes are the only certainties, but in spite of this the majority of people in the United States have not executed all the appropriate estate planning documents. … [Read more...]
Medical Decisions: Let Your Wishes Be Known
Medical science can now keep people alive via the use of artificial means for extended periods of time, even when there is no hope of recovery. … [Read more...]
You May Have The Power To Save A Life
That’s a pretty profound headline! Let’s dig deeper to see what this might mean in the context of estate planning. Looking back on the mark you have made on the world may be part of your thought processes as you are planning your estate. What will I be remembered for? What is my legacy? Some of you will do some serious soul-searching, attempting to get comfortable with the answers to those questions. You might be asking those questions while you struggle with the … [Read more...]
Addressing Health Care Contingencies
While taking care of the financial aspects is certainly a big part of holistic estate planning, it is also important to cover all your bases on the healthcare front. … [Read more...]
