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Make Sure you and your family are protected.
Why Have a Will?
There are several important reasons for preparing a will: 1. Appoint an executor and successor executor 2. Appoint guardians for minor children and successor guardians. 3. Appoint guardians for property management (need not be the same individuals as guardians of persons). 4. Provide for property distribution. 5. Provide for a trust or life estate. 6. Plan for payment of debts. 7. Provide a waiver of the executor posting bond. 8.Designate order of death in the event of simultaneous death of parties. 9. Provide for distribution of property in case of potential disclaimer by a beneficiary under the will. 10. Designate the powers granted to the executor. 11. Provide for allocation of estate taxes. 12. Provide clauses to reduce risk of will contests. |
Do you or a loved One need a Financial Power of Attorney?
A financial power of attorney (POA) is a legal document an individual (the “principal”) can use to appoint someone (the “agent”) to act on his or her behalf regarding personal, financial and business matters. Typically, a POA is used when an individual becomes unable to handle his or her own affairs. A principal can name one agent, or two or more co-agents, each of whom can act alone, unless the POA specifically states that they must act together, by majority, or in any other manner. If the principal names a single agent, it is wise to name at least one successor agent. |
