Our legal system functions with the principle that in order for you to sign any legal document, you must have the necessary mental competence to do so. Health care powers of attorney, DNRs, financial powers of attorneys and trusts are typically classified as contracts, but contractual capacity alone is typically not enough to execute these… Read More »
Posts Categorized: Power of Attorney
Estate Planning Is Important at Every Income Level
Most grown adults still don’t have an estate plan — not even a standalone will — and there are plenty of reasons for that: fear, procrastination, misperception, and more. One of the most commonly cited justifications for proceeding without a plan, though, is this old chestnut: “wills and trusts are only for rich people.” It… Read More »
Some Surprising Estate Planning Statistics
Fox Business is takings its viewers to task for procrastination. “So you consider yourself a planner, do you?” they ask. “You may have your annual checkups booked through December… and a family calendar color-coded to the T. But getting your estate plans settled? Not so much.” Sadly, they’re right. It is a long-standing fact in… Read More »