Create Your Own Power of Attorney

Though not part of estate planning, everyone should have Powers of Attorney (POA) for healthcare and for financial matters. The first provides health directives if you're unable, such as if you're in a coma. The second authorizes someone to make financial transactions on your behalf if you're unable, such as if you're out of the country.

Most lawyers will provide a package price for both POAs. Plus, you can get a package price to prepare all POAs for you and your spouse. Remember you don't need to have your lawyer act as your executor and if you wish them to act for you, be sure to obtain information regarding all costs involved and a breakdown of exactly what services are included and which are not.

Executor Depot provides online do-it-yourself kits for Wills and POAs. To review these, please click here.

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October 20th, 2020