Revoking powers of attorney in Nevada
A power of attorney is the ability act on another's behalf in certain legal situations. In certain situations, the grantor may want to revoke these powers from an individual. If the POA has a specific termination date, it will cease to be effective as of that date....
4 ways to prevent power of attorney abuse
Your power of attorney designation is arguably the most important document in your estate plan. While your will and trusts manage your belongings after you die, your POA may very well determine the quality of life you have in your final years. Choosing the wrong...
Estate planning after an Alzheimer’s diagnosis
There are certain steps people in Nevada and their loved ones may need to take after a diagnosis of Alzheimer's. According to the Alzheimer's Association, it is the country's most expensive disease. Making plans after an Alzheimer's diagnosis involves both financial...
Are you worried about power of attorney abuse?
When considering your estate plan, it can be immensely beneficial for you to determine who you might want to act as your power of attorney agent. Appointing an agent could save much time, effort and emotional turmoil in the event that you suddenly become incapacitated...
Final arrangement plans need not be included in will
People in Nevada who are putting their wills together sometimes wonder whether or not the document should address the handling of their final arrangements. While it was once commonplace to include funeral instructions or other plans for final arrangements in the will,...
Why married people still need powers of attorney
There are two types of powers of attorney that Nevada residents may need even if they are married. A medical power of attorney gives someone the ability to make medical decisions on a person's behalf if that person becomes incapacitated. A financial power of attorney...
Planning for long-term care without family
People in Nevada who do not have immediate or close family members still need an estate plan. An important part of this plan is appointing people to manage one's financial and healthcare decisions in case of incapacity.If a person does not have the necessary documents...
How to choose people for roles in an estate plan
One important decision that must be made by people in Nevada who are creating an estate plan is whom to choose for various tasks associated with the estate. These people can be family members or close friends, but they should have the necessary aptitude for the jobs....
Durable financial power of attorney and estate planning
Nevada residents who are going through the estate planning process might want to consider the benefits of adding a durable power of attorney. A power of attorney allows one person to handle the financial affairs of the estate holder. This could include filing tax...
The importance of powers of attorney
Nevada residents may understand how important an estate plan is. They may also be making common yet costly mistakes that could make it difficult to carry out their wishes. One of those mistakes is not reviewing plan documents on a regular basis. Generally speaking,...