A well drafted estate plan gives the owner a unique peace of mind as they make their way through life. The plan holder knows that they will not leave any questions for their friends and family regarding their affairs, their wishes and their assets. Trusts and wills are generally two of the first things individuals think of when they consider estate planning, but powers of attorney are equally as important.
In an earlier blog we discussed the value of health care directives in an estate plan. Here we will go over how power of attorney ties into that matter, though it does not have to, and how power of attorney can be used to manage your financial affairs.