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Tag: power of attorney

For Seniors: Giving Up The Checkbook, Part Two

For seniors, arranging to entrust financial affairs to someone else is an important part of preparing for old age. Once you have chosen a surrogate and dealt with some of the details laid out in last week’s column, one question remains. How will the transition...

For Seniors: Giving Up The Checkbook, Part One

Watch this video on YouTube One area that few seniors prepare for is arranging for someone else to handle their financial affairs when they can no longer fully care for themselves. This is easy to put off, for three primary reasons. First, there are a lot of difficult...

Involving Kids in Financial Meetings a Wise Move for Aging Parents

Watch this video on YouTube I remember my mother shuttling three kids to simultaneous and overlapping doctor appointments, music lessons, Boy Scout events, school, and athletic events, with timing precise enough to make an air traffic controller jealous. As parents,...

Controlling the Power of a Power of Attorney

Watch this video on YouTube Is it a good idea to give control of your finances to someone else through a power of attorney? Maybe. Or maybe not. It’s foolish to sign away complete authority to someone who may or may not be trustworthy. It’s equally foolish...