Do you have a question about a vacation home, protecting your kids inheritance from divorce, when to use a trust or will, how a power of attorney works, how to avoid being sued as an executor, or even how to solve estate and family disputes without going to court? These short videos answer your questions

Do I Need A Durable Power of Attorney?

How is a power of attorney different for a family that is using a sophisticated method of estate planning versus a family that using simple methods like a trust or will? First, let's review the concept of a power of attorney. If you become incapacitated and have designated a spouse, child or neutral 3^rd party as your power of attorney, the designated party can handle your affairs. Regardless of the type of estate planning you are doing, you should have a power of attorney. Without one, no actions could be taken without going to court and having a judge confirm any actions beforehand. This is a time consuming and difficult process. As part of a durable power of attorney, we can grant authority to the people you designate to move funds, continue to plan your estate and run a family business even while you are incapacitated. This is not a simple form; it is a complicated procedure and it's not right for everyone. If you have a 401k, a traditional or Roth IRA, real estate or a business, you should consider a more sophisticated power of attorney. If you have questions powers of attorney, please call David M. Frees at 610-933-8069 or email him directly at dfrees@utbf.com to learn more.