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Category Archives: Power of Attorney

The Top 5 Reasons Planning Ahead Could Save Your Family and Your Wallet

I was reading a Forbes magazine article the other day entitled “Make a New Year’s Resolution to Give Your Estate Plan a Checkup” by Deborah L. Jacobs, and I was reminded about how much people dislike going to visit their estate planning attorney (I think we’re right up there with dentists, probably higher).  One may wonder what is the point of planning ahead, and
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More changes to the Florida Durable Power of Attorney Statute

Last time, I talked about some of the more relevant changes to the DPOA statute such as doing away with “springing” POA’s and how POA’s signed before the new statute is enacted (which is on 10/1/11) will be treated.  Some other changes to the statute include the change of how a party is identified.  Old Powers Of Attorney will refer to the “attorney-in-fact” which
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Florida’s New Durable Power of Attorney Statute

The purpose of a durable power of attorney (DPOA) is to provide the least restrictive alternative to having someone act on your behalf to make health care and financial decisions.  The current DPOA statute (which can be found at Florida Statute Section 709.01 through 709.11) is not very long and does not provide a lot of clear guidance as to the principal’s (person who
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Bank of America Says Power of Attorney Does Not Grant Access to Online Banking

When one spouse suffers from dementia, the other spouse often must take over managing the couple’s finances, usually with the help of a power of attorney. But things don’t always go smoothly with financial institutions. Just ask Chicago resident Eva Kripke, who has been handling money matters since her husband, Sidney, was diagnosed with Lewy body dementia four years ago. Acting as agent for
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The New Florida Durable Power of Attorney statute

Among the new laws which the Florida legislature passed this session were substantial changes to the Durable Power of Attorney Statute.  A durable power of attorney (DPOA) is a document in which you appoint someone to legally act on your behalf.  Essentially, your agent steps into your shoes to handle your affairs.  Currently, DPOA’s can take effect immediately or they can be “springing” meaning
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“The September of My Years”

Before attaining 70 1/2, you should review all of your Florida estate planning documents along with those describing financial and retirement benefit planning.  Because the age of 70 1/2 has been magically designated by the Congress of the United States and the Internal Revenue Code as a lock-up date for certain types of tax-deferred compensation plans, it is imperative that all persons within a year
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“Will You Still Need Me, Will you Still Feed Me When I’m Sixty-Four?”

Whether you reached an age where you have adult children but may not yet be retired, or you have reached retirement age, this stage of financial and estate planning, by this point, you should have a thorough and proper review of your retirement planning.  Unfortunately, I’ve heard that at least 55% of adult Americans, and possibly upwards of 70%, do not have any type
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Love and Marriage….and married with children!

You are young, in love, and married with a baby on the way (or already here).  Ah, to be young and starting a family again.  Now you really have some responsibility.  Have you thought about who is going to take care of those cute little children if something should happen to one or both of you? Just as we go through different stages in
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Going to the Chapel and we’re gonna get….our estate planning done?

So, now you are married.  Have you thought about any financial or estate planning now that you are newlyweds?  Maybe going to buy your first home?  As a married couple, you may begin to acquire joint assets and, if both of you were involved in a sudden accident and passed away, how would you want those assets distributed among your family members?  Maybe you
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Living at Home with Dementia

Written By : Denis Ashauer For adult children the recognition of dementia can either be a slow process or it can be “WOW! Things have changed!” This coupled with honoring the loved ones wishes about staying at home can create a dilemma. For those who are physically close to the person affected with dementia it can be hard to recognize the progress of the
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