For one reason or another, you may be in a position where you cannot take care of your affairs in person. Under these circumstances, you may need someone to act for you in a comprehensive manner. If you are in this situation, you could grant a general power of attorney. The person that you would name to act on your behalf is called the agent or attorney-in-fact. Don’t be fooled by the term attorney-in-fact. Any adult who is mentally competent can act as the attorney-in-fact. You do not have to name a legal professional to act as your agent.
Topics covered in this report include:
- General Power of Attorney
- Limited Power of Attorney
- Incapacity Planning
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.