It has become a common practice to list beneficiaries on assets as a means of avoiding probate and to avoid the necessity of setting up a revocable living trust to hold or collect your assets. Having accounts payable on death (POD) or transferable on death (TOD) is a...
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When Do Powers Of Attorney Start And End?
One common estate planning misconception is when Powers of Attorney start and end. A Power of Attorney is a tool used to grant authority to someone to act on your behalf in case they need to. Powers of Attorney can start or be effective either immediately or...
When Are Powers Of Attorney Required?
One common estate planning misconception is when powers of attorney are required. Powers of attorney are required if you are determined to be incompetent. Incompetency can mean a mental illness or a physical ailment, such as being unconscious. What a power of...