Most people recognize the importance of comprehensive estate planning, although they may choose to avoid it for as long as possible. One important part of your estate plan is your power of attorney (POA). Basically, a POA is a document that empowers an individual to make legal decisions for you in the event that you become incapacitated or are unable to do so for yourself. You can choose the extent of the authority you grant in the “agent” by working together with an experienced estate planning attorney to determine how to best represent your goals. The risks of not having
Category: Estate Planning
The estate lawyers at Bowes, Petkovich & Palmer, LLC are well versed in estate planning and have drafted thousands of documents for hundreds of clients for over four decades throughout the New Orleans and surrounding areas. Call us today for a free consultation.
People in their twenties don’t plan for retirement because they think they’ll never die. People in their thirties don’t plan because they are too busy building careers and acquiring assets. People don’t plan during their forties because they’re too busy paying off the college tuition of their children. Most don’t start planning until their fifties, sixties, and seventies and sometimes that’s too late. It’s not too late for you. When are you going to plan? Is your plan current? Laws frequently change and plans should be reviewed and updated to reflect these changes. We offer estate planning services to clients
People often ask how often they need to review and update their wills and estate planning documents. Many assume that once they have prepared a will, durable power of attorney, and/or other related documents, these will last for the rest of their lives and never need to be updated. A Will is Your Chance to Write the Law that Favors You. For most people, the most effective method of engaging in sensible estate and Medicaid planning is as straight-forward as preparing a Last Will and Testament and Durable Power of Attorney. Wills and powers of attorney give individuals the opportunity