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I AM 93 I HAVE ONLY ONE HEIR....................BUT i HAVE BEEN TOLD THAT I SHOULD HAVE A POWER OF ATTORNEYFORM DRAWN U
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Estate Planning Attorney serving Dimondale, MI
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Cornerstone Legal PLLC
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Hello. Thank you for reaching out. Yes, it is important to have both a financial and healthcare power of attorney in place. This protects both you and your heir from having to go through a lengthy and costly probate court process to become your Guardian or Conservator if you become incapacitated.
Additionally, you should consider having a Will or Living Trust to plan for and protect your assets.
Feel free to reach out if you would like assistance.
Answered on Dec 16th, 2021 at 6:27 PM