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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "attorney-in-fact"
Home /
 Should You Name a Bank as your Durable Power of Attorney Agent?
0
By Harry Margolis
In Durable Powers of Attorney, Trustee
Posted November 8, 2020

Should You Name a Bank as your Durable Power of Attorney Agent?

Question: Should your trustees on your revocable trust be the same people as those named on your durable power of attorney? Do you recommend bank trust departments for powers of attorney? [...]

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 What is “Reasonable” Compensation for Filling Multiple Roles: Trustee, Power of Attorney, Animal Caregiver?
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By Harry Margolis
In Trustee
Posted October 24, 2020

What is “Reasonable” Compensation for Filling Multiple Roles: Trustee, Power of Attorney, Animal Caregiver?

Question: I served as trustee and POA for a friend who was ill for over 4 years. The estimated assets were approximately $2 million at the time I assumed responsibilities for her 12 registered [...]

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 What Language in a Durable Power of Attorney Permits an Agent to Make Gifts to Self?
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By Harry Margolis
In Durable Powers of Attorney
Posted August 5, 2020

What Language in a Durable Power of Attorney Permits an Agent to Make Gifts to Self?

Question: My durable power of attorney contains the phrase: “It shall not be deemed to be self-dealing on the part of my attorney-in-fact herein to make gifts, transfers or dispositions to [...]

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 What Can a Family Member Do with Agent Under Durable Power of Attorney Won’t Share Info?
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By Harry Margolis
In Durable Powers of Attorney
Posted July 5, 2019

What Can a Family Member Do with Agent Under Durable Power of Attorney Won’t Share Info?

Question: I have an elderly father with late-stage Alzheimer’s disease. My sister has power of attorney for him. More than two years ago, I asked for information on his assets and [...]

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 Does Being an Agent under a Power of Attorney Mean You’re Taking on Financial Responsibility?
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By Harry Margolis
In Durable Powers of Attorney, Long-Term Care Planning
Posted September 22, 2017

Does Being an Agent under a Power of Attorney Mean You’re Taking on Financial Responsibility?

Question: As POA, do I become responsible for paying for assisted living for my mom if she is turned down for Medicaid? If she is approved and gets Medicaid but it doesn’t cover the full [...]

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Categories
  • Asset Protection (38)
  • Charitable Giving (11)
  • Durable Powers of Attorney (54)
  • Estate and Gift Taxes (70)
  • Guardianship and Conservatorship (14)
  • Health Care Directives (15)
  • Irrevocable Trusts (77)
  • Long-Term Care Planning (198)
  • Non-Traditional Families (18)
  • Non-US Citizens (43)
  • Pets (6)
  • Practical Matters (17)
  • Probate (66)
  • Property in Other Countries (6)
  • Real Estate (124)
  • Retirement Plans (25)
  • Revocable Trusts (150)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (99)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (69)
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Wondering if a trust makes sense for you?

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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters