Newman Law Group

August 2020 Archives

Should a college-bound child create a power of attorney document?

Many California parents will be sending their children off to college for the first time this year. Though it is an exciting time, it can also be emotional and, with the current state of the world, nerve-wracking. As a result, it is wise to take measures to ensure that parents have the ability to care for their children should anything happen, and those measures could include obtaining a power of attorney.

Deciding trustee fee is an important part of trust preparation

Deciding to use trusts as part of their estate plans can help numerous California residents more effectively express their management wishes for certain assets. Of course, trust preparation takes a lot of consideration, and one aspect to consider is how much to pay the trustee. Trustee fees are essentially the compensation paid to the person for managing the trust. How much should a trustee receive?

Power of attorney agent may not have Medicare access

Because an incapacitating event could happen to anyone, it is important that California residents make arrangements to have someone handle their affairs. Often, parties utilize power of attorney documents to appoint agents to handle financial and health care matters. However, it is important to know that an agent may not have sweeping authority in all related matters.

Creating their wills is a good starting point for estate planners

Trying to nail down solid plans may have never been a strong point for some California residents. As a result, they may have a go-with-the-flow attitude about many aspects of life. However, when it comes to planning for after-death matters, it is typically better to allow wills and other estate planning documents to play a role.