Being named as the executor of someone’s estate is a significant responsibility. An executor is responsible for managing the deceased person’s assets, including distributing them to the beneficiaries according to the will. One important aspect of this role is dealing with the insurance company. The executor must gather all necessary information and documents to ensure a smooth and efficient claims process. In this blog post, we will discuss what the executor of an estate needs when dealing with the insurance company. 1. Death Certificate: The first document that the executor of an estate needs to obtain is the death certificate.... View Article
If you have a chronic condition that keeps you from doing the things you love, living with this disability might be your new normal. Fortunately, with self-determination laws and advanced planning, you can live as independently as possible. However, in some situations and with some conditions, it’s not always clear who will take care of you if you can’t make personal decisions for yourself. Luckily, in most states, there are laws that spell out what happens when someone may no longer be able to care for themselves. These laws are known as guardianship or incapacitation laws. What Is Guardianship? If... View Article
Having a power of attorney is a normal part of an estate plan, but before you assign one (or accept one), you should know exactly what they can and cannot do. Powers of attorney are designed to act on behalf of the assignee, so if, for example, your father assigns you power of attorney, you might be able to make medical or financial decisions when he is unable to do so himself. Read on to learn what you need to know about the power of attorney role in Miami, FL. Definition A power of attorney is a legal document that... View Article
As we age, it becomes more difficult to handle our everyday duties, let alone more complex things like managing assets and our own medical care. Cognitive decline isn’t the only time you’d need someone else to step in and care for you—even young people should have powers of attorney in Miami, FL to ensure their affairs are handled in a way of which they approve. There are seven different powers of attorney you can assign. This overview will introduce you to the possibilities so that you can meet with your estate planning attorney and determine which one is right for... View Article
Power of attorney is a type of legal document, often used in the realm of estate planning, that grants one person authority to act on another’s behalf. The person who creates the power of attorney, known as the “principal,” chooses an “agent” they trust to make these decisions for them when they are unable to do so. Power of attorney can be used for making healthcare decisions, signing contracts, conducting financial transactions, signing legal documents, creating trusts, making gifts or taking other similar types of actions. The term “durable” power of attorney in Miami, FL refers to a power of... View Article
