Has your Power of Attorney expired?

  At least once a week we hear from a family member who has been told that her dad’s power of attorney has expired. In an effort to protect an account holder’s assets, many financial institutions will refuse to accept a power of attorney. They fear fraud and exploitation, so they will often create artificial …

All About the Power of Attorney

For many individuals, particularly older adults, designating a power of attorney (POA) can protect them from a number of financial problems. The designated POA can help the older person pay their bills, manage financial assets, and prevent fraud and abuse.  Working in the field of elder care, a great deal of time is spent educating …

A Music Legend and the Power of a POA

The country music singer and guitarist Glen Campbell is being sued by a Los Angeles-based media production group, the Record Company, which alleges that he reneged on an agreement to make the firm his partner in a documentary film about his struggle with Alzheimer’s. The suit was filed Monday in Superior Court in Los Angeles. …

Hiring a Professional to be Your POA

  For most aging adults, family members act as the health care and financial agents. Most of us have a spouse, adult child, sibling or other family member who is able and willing to be our agent(s). More and more frequently, however, we are hearing from elder orphans—or those who have no adult children, spouse …

How Often Should You Update Your Documents?

  Your estate planning documents should be updated regularly. They are not meant for you to “set it and forget it.”  We recommend that everyone follow the following rule of thumb for updating their advance directives: Whenever there is a new decade, death, diagnosis, divorce, decline, or change in domicile, it’s time to update your …