The past few weeks have been challenging for everyone. We know that each of our clients has been impacted in different ways. As we work to help you with the questions and concerns that arise with new developments every day, rest assured that we are still here to help. Our three physical office locations are
You may have heard about the new power of attorney legislation that became the law in Pennsylvania in July. If you have executed a power of attorney or are thinking about executing a power of attorney, you may be wondering how that legislation affects you.
Some of the changes made by the law, such as protecting banks from liability, were effective immediately. Other changes, such as changes to the Notice and Acknowledgement parts of the power of attorney will become effective January 1, 2015. Almost every day, new articles appear and professional meetings are held as the various communities such as banks, lawyers and others concerned with estate planning and elder affairs consider the interpretation and implementation of the changes.
If you have a properly executed power of attorney, your power of attorney is valid and will remain valid even after all of the new changes take effect.
Under any circumstances, you should always look at your estate planning documents every few years, or when you have major changes within your family, to ensure that they still reflect your wishes.
As you update your Facebook page, have you ever wondered how your beneficiaries could obtain access to your “digital assets” upon your death? Indeed, could they access your digital assets if you were incapacitated during your lifetime? Prudent people plan through financial powers of attorney for incapacity during lifetime, or for the disposition of their …