A power of attorney is a legal document that allows an individual (the principal) to appoint someone else (the agent) to make decisions for, and take actions on behalf of, the individual. There are several types of POAs, each serving different purposes and granting different levels of authority regarding financial, legal and health care matters. These important tools allow individuals…
Now, more than ever, we regularly rely on our phones and other electronic devices to not only assist us in navigating our daily life, but also to also store information. This information and the devices which hold that information can range from important to some to invaluable to others. Therefore, have you ever considered what should happen to your possibly…
Most people have heard of the legal document called a power of attorney, but few understand the true effectiveness and limitations of a POA. To make sense of this and related documents, one must first unpack an alphabet soup of legal terms. To start with, the person that initiates and signs the POA is the principal or grantor. The person…
This article originally appeared as a column for the Cleveland Jewish News. The health care power of attorney and living will are two of the most important documents you could have in your life care plan. The former names a trusted loved one who would make medical decisions on your behalf in the event you were no longer able to…
This article originally appeared as a column for the Cleveland Jewish News. Death – right up there with taxes – is one of the few certainties, yet estate planning is something that many fail to consider until it is too late. Rather than leaving it to your spouse, your children, or worse, the state, to figure out, your best bet…
This article originally appeared as a column for the Cleveland Jewish News. When a couple gets married, it is common to do a bit of estate planning. A person, for example, might make his or her spouse the beneficiary on any life insurance policies and retirement plans. A joint and survivorship deed on any real property might be executed. The…