Power of Attorneys: Health Care Power of Attorney and Financial Power of Attorney vs. Guardianship Simply stated, a power of attorney gives the authority to act for another person in specified or all legal or financial matters or private affairs. It can be prepared well in advance of a situatio...
Power of Attorneys: Health Care Power of Attorney and Financial Power of Attorney vs. Guardianship Simply stated, a power of attorney gives the authority to act for another person in specified or all legal or financial matters or private affairs. It can be prepared well in advance of...
The IRS issued a special rule that would apply the higher Gift Tax exemption currently availabe even after the Gift Tax exemption has been cut in half. The Estate and Gift Tax Exemptions are currently set for $11.7 Million for an individual ($23.4 for a couple) and are set to expire in 2025. The...
Estate Planning Basics WHY YOU NEED AN ESTATE PLAN IF YOU HAVE FAMILY AND LOVED ONES AND ANY ASSETS (NO MATTER HOW LITTLE) Do you have any assets? You may not have millions invested but may own a house, have savings and personal items that are either valuable or have sentimental value to your f...
Your children are by far the most valuable “assets” you have, then why does everyone make sure they have a will for their property but do not have a real, meaningful plan that ensures that your children are taken care of financially and emotionally if something were to happen to you? Perhaps is d...
Both Guardianships and Powers of Attorney provide authority to make legal and/or personal decisions over another person. The difference is that Guardianship in North Carolina is obtained by a court process whereas a Power of Attorney is created by individuals. Health Care Power of Attorney and F...
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