Frequently Asked Questions (FAQs)
Powers of Attorney
What is a power of attorney for asset management?
A power of attorney is a written revocable document by which you appoint an attorney-in-fact to act for you.
What is a general power of attorney? What is a limited power of attorney?
A general power of attorney authorizes your attorney-in-fact to handle a broad range of financial matters for you.
What is a durable power of attorney? What is a springing power of attorney?
Historically, powers of attorney became ineffective when the principal, the signer of the power of attorney, became incapacitated.
Why do I need a power of attorney for asset management if I have a trust?
The reason is that you probably own assets which are not in the trust. Such assets...
What is an Advance Health Care Directive? Why do I need one if my family already knows my wishes?
An Advance Health Care Directive (AHCD), previously known as a Durable Power of Attorney For Health Care, is a written document...
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FAQ Categories
- Living Trust
- Living Trusts and Probate
- Funding a Living Trust
- Bank Accounts
- Powers of Attorney
- Conservatorships and Guardianships
- Alternatives to Conservatorships and Guardianships
- Medicare and Medi-Cal (Medicaid)
- Probate
- Taxes
- Disqualified Beneficiaries
- Joint tenancy, Community Property, Domestic Partnerships