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Posts tagged "power of attorney"

Wills

A will is a document that sets forth how a person's probate property will be distributed upon death.  To be valid, a will must meet the following requirements: the person making the will must be at least 18 years old and be of sound mind; with some limited exceptions, the will must be written and signed; and the will must be witnessed by at least two persons. (more…)

Financial Power of Attorney

A financial power of attorney gives another person the power to handle that person’s financial matters.  The power of attorney can either designate that the attorney-in-fact’s authority begins immediately after it is executed or that such authority will "spring" into effect at a future date or upon a particular event.  Usually, the springing event is when two examining physicians determine that the principal is no longer competent.  Before choosing a “springing” power of attorney, it is important to consider the need for the agent to show proof of the event.  However, such powers always terminate upon the death of the principal. (more…)