Tag: estate plan attorneys

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DIVORCE AND ESTATE PLANNING

What You Need to Know During a Divorce

Many legal issues surround divorce, such as the determination of custody, support, and equitable distribution of marital property. In addition to all of this, there are often emotional issues.  Updating an estate plan is generally at the bottom of your list, if it even makes the list, when you are going through a divorce.  However, updating estate planning documents, such as a Will, Power of Attorney, Health Care Power of Attorney, Advanced Medical Directive (Living Will), and Revocable Trusts should be a top priority.

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WHY YOU NEED A POWER OF ATTORNEY

When we prepare an estate plan for our clients, we strongly recommend that it include a will, a power of attorney, and often an advanced health directive.  A power of attorney often referred to as a POA is a legal document that allows you as the principle to appoint another person to act as your agent or attorney-in-fact. The agent has the authority to act on your behalf and handle financial and personal affairs.

A power of attorney is important because a will has absolutely no effect until after the death of the person who wrote it.  A POA allows a person (or persons) that you name as your agent (or agents) to act on your behalf while you are incapacitated or are unable or unavailable to act on your own behalf.  You may also include a provision which allows your agent to receive medical information and give instructions to medical providers.

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COVID 19 Impacts That May Require Estate Planning Review

glasses, examine your estate plan

There are many compelling reasons to review your Estate Plan. The impact of COVID-19 is currently among the most important reasons. We offer specific factors here. The attorneys at Pyfer Reese are ready to assist you with your Estate Plan needs.

In reviewing your Estate Plan, you may want to consider the following:

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Posted in News on by Pyfer Reese.