Financial Powers of Attorney

Can An Agent Use Principal’s Money to Purchase Real Estate for Herself?

Last week, I received a note from someone who was serving as her 97 year old mother’s attorney in fact. She wanted to cash…

FAQs About Estate Planning, Financial Powers of Attorney

How Do I Manage Someone Else’s Money?

If you are serving as a financial caregiver, you likely have a lot of questions about your responsibilities. The Consumer Financial Protection Bureau recently…

Financial Powers of Attorney

Sign A Durable Power of Attorney Before It’s Too Late

I got a message recently from a woman with questions about getting a power of attorney to handle her ailing father’s financial affairs. Her…

FAQs About Powers of Attorney and Directives, Financial Powers of Attorney

What is the Difference Between Medical and Durable Power of Attorney?

A durable power of attorney is a written document that creates an agency relationship between the person granting authority and an agent, or attorney-in-fact, the person to…

Financial Powers of Attorney

How to Talk With Your Parents About Their Financial Affairs

Many elderly parents are uncomfortable sharing their finances with their children. An article I read recently suggested several reasons they may be wary. Some parents worry…

Financial Powers of Attorney

How Do I Revoke a Durable Power of Attorney In Texas?

A durable power of attorney is a written document that allows you to designate someone you trust to engage in specified business, financial and legal transactions…

FAQs About Wills, Financial Powers of Attorney

Do I Need A Will If I Have A Power of Attorney?

A durable power of attorney allows you to choose a person you trust to handle your financial affairs if you become incapacitated and can’t handle them…

Financial Powers of Attorney

Does A Durable Power Of Attorney Need To Be Notarized?

To be effective in Texas, a durable power of attorney must: be in writing signed by an adult name an agent or attorney in fact expressly provide that…

Financial Powers of Attorney

Is It Necessary to File A Durable Power of Attorney?

A durable power of attorney gives you the power to appoint a trusted family member or friend as an agent to manage your finances if you are…

Financial Powers of Attorney

Selecting An Agent For Your Power Of Attorney

If you were to become incapacitated, who would pay your utility bills, file your taxes or otherwise manage your financial affairs? If you have not legally named…