What You Need To Know About Durable Powers of Attorney

A Durable Power of Attorney is one of the MOST important aspects of estate planning.  And yet, it seems to be the one area that is least understood.  What a Durable Power of Attorney does is allow someone to act on your financial affairs, as if they were you, even after you've been declared incapacitated.   A "Durable" Power literally means is survives incapacity.  A "General" Power stops at incapacity.  It's CRUCIAL to understand the difference!  If your Power of Attorney is not durable, it will cease to operate at incapacity, the time it's needed the most, typically.  Read my book on this exact issue, chapter 8, you can read for FREE if you have Kindle Unlimited.  https://www.amazon.com/Strategic-Money-Planning-Sustainable-Wealth-ebook/dp/B07C9SQDCT/ref=sr_1_1?ie=UTF8&qid=1526048812&sr=8-1&keywords=josh+scandlen What does YOUR estate documents say? Who is the exectuor? WHo is the attorney-in-fact? We'll go over some other documents later.  But if you have a Living Trust, who is/are the successor trustees? Is your Trust even funded? Have you updated your docs for the huge change in tax law over the last 10 years? No? Don't know? Don't have anything? What are you waiting for, my friends.  Get on this...NOW!