In his blog, Daniel E. DeKoter explains why a power of attorney is needed in estate planning. Click the link to start reading. https://sites.google.com/site/danieledekoteria/blog/why-a-power-of-attorney-is-needed-in-estate-planning

1. 3/20/2018 Why a power of attorney is needed in estate planning - Daniel E. DeKoter
https://sites.google.com/site/danieledekoteria/blog/why-a-power-of-attorney-is-needed-in-estate-planning 1/2
Daniel E. DeKoter
Home
About
Blog
Do You Need a
Civil Litigation
Attorney?
Overcoming the
main challenges of
estate
administration
Tips For Making
An Attractive
Health
Employment
Package
Why a power of
attorney is needed
in estate planning
Workplace safety:
An overview of
workers’ rights
and protections
Contact
Sitemap
Social Links
Blogger
Twitter
Weebly
Pinterest
Blog >
Why a power of attorney is needed in
estate planning
posted Jan 11, 2018, 1:20 PM by Daniel E. DeKoter [ updated Jan 11, 2018, 1:21
PM ]
People have to come to terms with the possibility that they
might find themselves unable to have control over their
legal and financial matters in the future.
Image source: thebalance.com
This can be addressed by granting power of attorney to a
select, trusted individual who acts on behalf and in the best
interest of the principal.
While arranging a power of attorney is not really a
requirement in estate planning, the principal will greatly
benefit from it if he or she does so. Complications in or
hindrances to achieving the financial goals in estate
Search this site

2. 3/20/2018 Why a power of attorney is needed in estate planning - Daniel E. DeKoter
https://sites.google.com/site/danieledekoteria/blog/why-a-power-of-attorney-is-needed-in-estate-planning 2/2
planning can be minimized or eliminated if an attorney-in-
fact is assigned.
The principal has options in signing a power of attorney. He
can opt for a non-durable power of attorney, wherein the
agreement is automatically ended in the event that the
principal becomes physically or mentally incapacitated. A
durable power of attorney, on the other hand, continues to
be in effect in such a situation.
The powers granted to the power of attorney can also be
specified to the dot – so that only the needs of the principal
can be arranged or acted upon by the attorney-in-fact.
Image source: estateplanninganswers.com
Understand estate planning better by subscribing to this
Daniel E. DeKoter blog.
Sign in | Recent Site Activity | Report Abuse | Print Page | Powered By Google Sites
Comments
You do not have permission to add comments.