Heading to College? Why Massachusetts Students Should Consider a Durable Power of Attorney
If you’re 18 or older and heading off to college, you should consider signing a durable power of attorney. Estate planning may not be high on your back-to-school checklist. You’re probably more concerned with registering for classes, buying textbooks, decorating your dorm room, or figuring out your new schedule.
What Can (And Can’t) an Agent Under a POA Actually Do?
A power of attorney allows you to appoint someone to handle financial or legal matters on your behalf. An agent may be able to pay bills, manage accounts, handle property, file taxes, and take other actions authorized by the document. However, a power of attorney does not give unlimited control. The agent...
Parental Power of Attorney: The Legal Document Needed For Those Caring For Your Children
Whether the kids will be with Grandma and Grandpa or a nanny when you go on a quick get away or business trip, it is important to consider whether the person caring for your children has the legal tools necessary to care for your child in an emergency situation. As a...
Add “Powers of Attorney” to Your College Student’s Back-to-School Checklist
If you’re preparing to send a child off to college this fall, you should add two documents to your back-to-school checklist: (1) a power of attorney for health care [a/k/a Health Care Proxy], and (2) a durable power of attorney for finances. Without these two documents, you may not have the...
What You Need to Know About Power of Attorneys in Massachusetts
A Power of Attorney [POA] in Massachusetts, as in other states, is the grant of power to an individual to make the decisions you ordinarily would make in matters of financial, and business. It is an essential part of an estate plan, especially if you have business interests at stake or financial assets....
The Importance of a Power of Attorney
When people consider estate planning, they often think that preparing a will, or perhaps a trust will cover their needs. Certainly, these documents are very important to guarantee that property passes according to ones wishes upon death. However, when one considers estate planning, it is important to think of managing ones...