A power of attorney is a multipurpose estate planning tool that allows someone you choose to handle some or all of your affairs. The person signing and executing the power of attorney is now as the “principal.” The person chosen and authorized to act on the principal’s behalf is called the “agent” or “attorney-in-fact.” A “Durable” power of attorney is a special type of power of attorney that continues to operate even after the principal becomes incapacitated. A durable power of attorney can … [Read more...] about Should I have a durable power of attorney for healthcare?
A will is a legal instrument that allows you to determine how your assets will be distributed to your heirs when you die. But what is a “Living Will?” Basically, a Living Will tells everyone what course of medical treatment, if any, you want followed if you are ever unable to communicate your wishes for yourself. A common example is a DNR or “Do Not Resuscitate” order. Another example is a written statement that you do not want to be placed on life support if you are brain dead. A Living … [Read more...] about What Is a Living Will in Los Angeles California?
Termination of a power of attorney in Los Angeles CA necessarily depends on the type of power of attorney you are dealing with. A power of attorney in California is a legal document authorizing an agent to act on your behalf. Your agent can be authorized to do many things for you, including signing checks, filing tax returns, entering into contracts and other financial transactions. One good thing about a power of attorney is that it can be customized to fulfill your specific purposes, … [Read more...] about How Do You Terminate a Power of Attorney in Los Angeles CA?
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