March 2022
If you have just named someone as a financial power of attorney for your estate, or if you have just taken on the role for a loved one, you should understand the scope of this important designation. Not all POAs include the same tasks or responsibilities, but most have general similarities. The financial POA document allows a person to act on behalf of another person regarding a wide range of financial matters. Specific legal duties According to Kiplinger, Individuals who agree to take on this role have certain legal responsibilities to the principal’s estate. The document typically spells out these responsibilities, often at the end of the POA paperwork. These charges often include keeping up on the following matters: Paying all bills on time Making timely tax payments Keeping transparent records Acting in the best interests of the client The POA agent could pay the bills with a checking account or by way of online methods. The agent might have to keep proof of the POA agreement on file with each relevant financial institution. Broader possibilities The scope of a POA varies from situation to situation. In some cases, this could involve more detailed aspects of estate planning such as setting up a trust. If the principal has pressing medical concerns and does not have a will in place, the agent could recommend this process to save money later on. Other considerations could also arise. These include coming up with strategies to pay for long-term care that involve the selling of a primary residence. Whatever your role, the POA document should spell out the expectations for both the principal and the agent acting on his or her behalf.
Brothers & Henderson, P.S. is on the move. The firm has relocated from its Eastlake location at 2722 Eastlake Avenue East to the Fremont neighborhood at 936 N. 34th Street, Suite 200 as of March 21st, 2022. Nicknamed “The Center of the Universe,” Fremont was once its own city before being annexed to Seattle in 1891. The town was founded by Luther H. Griffith and Edward Blewett, with the name being inspired by their hometown of Fremont, Nebraska. Fremont is also the home of the Troll’s Knoll and the iconic Fremont Troll sculpture. Two acres of urban forest integrate with local neighborhood residents – known as “Friends of the Troll’s Knoll” – that feature gardens in the P-Patch. Fremont also features seemingly unlimited options to eat, drink (preferably outdoors), shop, live, work, play, and stay. Brothers & Henderson, P.S., has blazed its own trail in disability and elder law, quickly becoming a fixture in the Seattle area. Partners Joshua L. Brothers and Christopher Henderson combine more than 20 years of experience, not to mention a commitment to high-quality legal services. They work hard to earn their clients’ trust, resulting in long-term relationships measured in decades. While our location is changing, our service remains unchanged. For dedicated and diligent legal representation for complicated legal matters, contact Brothers & Henderson, P.S.
At a time when new life is the focus of everyone’s attention, death is probably an unwelcomed topic of thought. Despite the macabre association many people have of this process, new parents should be thinking about their wills and planning for the future of their child. If you already have a will, then you likely understand the importance and will make sure you take the time to update it with your baby in mind. However, many young parents do not recognize the need for this document. What is a will and why is it important? A will is a document that establishes how your assets get distributed following your death. If you have children, it is also your opportunity to name their guardians if something should happen to you before they become adults. Without a will to name your choice of guardian, there is no guarantee that your children will get placed with the person you deem most suitable. How can you stay positive when discussing these matters? Preparing for unforeseen circumstances is an important skill set, especially for parents . Creating a will is less about the expectation or anticipation of death, and more about establishing a safety net for your family. You are more than likely already performing preparatory tasks for other aspects of your life, like saving money for emergencies or eating healthy to prevent illness. You can think of a will as another way you are making good choices now to create a better future for yourself and your loved ones.
At a time when new life is the focus of everyone’s attention, death is probably an unwelcomed topic of thought. Despite the macabre association many people have of this process, new parents should be thinking about their wills and planning for the future of their child. If you already have a will, then you likely understand the importance and will make sure you take the time to update it with your baby in mind. However, many young parents do not recognize the need for this document. What is a will and why is it important? A will is a document that establishes how your assets get distributed following your death. If you have children, it is also your opportunity to name their guardians if something should happen to you before they become adults. Without a will to name your choice of guardian, there is no guarantee that your children will get placed with the person you deem most suitable. How can you stay positive when discussing these matters? Preparing for unforeseen circumstances is an important skill set, especially for parents . Creating a will is less about the expectation or anticipation of death, and more about establishing a safety net for your family. You are more than likely already performing preparatory tasks for other aspects of your life, like saving money for emergencies or eating healthy to prevent illness. You can think of a will as another way you are making good choices now to create a better future for yourself and your loved ones.
