Agree with this! So many think they have a "power of attorney" -- and don't have a DURABLE power of attorney.
The other thing to discuss is the typical household which might have a His and Hers checking accounts -- or credit cards etc. These should be JOINT accounts or at the very least - have signatory privileges. But like most things - these need to be discussed as there are plusses and minuses to almost everything. Just don't think that because you're married - that you have access to your spouses accounts. You don't!
Also --- Be careful what you read - say in this thread - about advice regarding legal "ideas". Laws vary by STATE. What might be a good idea in California doesn't work at all in Idaho...
Be very careful if you already have Trusts where you're the beneficiary.... ask about "co-mingling". I could write about this but it's better if you have a discussion with your personal attorney.
Quote:
Originally Posted by Ron in SoCal
Marty I'm sure your legal counsel will bring it up, but if not remind them of a durable power of attorney that carries out your medical directive in case you are unable to.
Hoping everyone reading this never needs to exercise this option.
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