Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view).
A Durable Power of Attorney, may be a separate document or prepared as part of a larger estate plan through a living trust. A general power of attorney is different than a durable one. It’s an important document separate from a broader more encompassing plan. Many people don’t consider what happens if they are temporarily or permanently incapacitated … what I call “here-gone.”
Most people think estate planning is only about what I call “gone-gone.” Many people postpone and procrastinate when it comes to estate planning – short term (here-gone) or long term (gone-gone). This is a mistake because each State has their own estate laws which probably don’t fully correspond to your wishes. If you don’t state your wishes in a legal manner through at least a will, or a living trust then this lack of planning often forces a court to make decisions for you – an expensive delay in many cases.
You should have a discussion with a qualified, and experienced (all they do is estate planning and/or elder care) attorney. Where to find one?
In no particular order and not necessarily a complete list – but a place to start:
My 1-minute video series on YouTube.
My Knowledge Center video library.