Share

Philadelphia PA Estate Planning Blog

Thursday, February 11, 2010

Updated and Accurate Powers of Attorney

Sometimes, a power of attorney is more important than your Will. A power of attorney essentially lets someone step into your shoes, to take care of your financial and health matters if you become disabled or incapacitated.

Many people have power of attorney documents, and a good portion of these documents were probably executed over ten years ago. It is important to have an updated power of attorney. Why? Your family or family circumstances may have changed. The agent listed may no longer be the agent you want. Most importantly, Pennsylvania laws and regulations have changed within ten years, adding and modifying requirements for powers of attorney.

Even if you are married, it is still essential to execute both the health care power of attorney and financial power of attorney.

Make sure your attorney carefully crafts your document and only gives the powers you want to grant. Pay particular attention to retirement plans and the power to change beneficiaries, the power to deal with life insurance policies, and gifting powers.

For a free review of your power of attorney, your estate plan or to craft an estate plan, please call our office at 215-706-0200 to schedule an appointment.


Archived Posts

2019
2018
2017
2016
2015
2014
2013
2012
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January
2009


The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning matters in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem, Plymouth Meeting, Furlong, Philadelphia County, Bucks County and Montgomery County.

© The Law Offices of Jeremy A. Wechsler | Disclaimer | Law Firm Website Design by Zola Creative



© 2019 The Law Offices of Jeremy A. Wechsler | Disclaimer
2300 Computer Avenue, Suite J-54, Willow Grove, PA 19090
| Phone: 215-706-0200

Wills and Trusts | Probate / Estate Administration | Elder Law / Long Term Care | Powers of Attorney | Life Insurance / Long-Term Care Insurance | Special Needs Planning | Same Sex Couple Planning | Asset Protection | Estate Planning For Pets | Retirement Planning | Retirement Account Trusts | About Us | Resources

Attorney Website Design by
Amicus Creative