Planning for the possibility of incapacity and the certainty of passing away is an uncomfortable topic for most people. However, failure to plan for these events can sometimes lead to unintended financial outcomes, family tension and many other negative and sometimes heartbreaking consequences. While the strategies may vary, estate planning is important for everyone no matter the size or complexity of the estate.
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You cannot just look to the law for limitations on powers of attorney. A power of attorney only works if the third party to whom it is presented is willing to accept it.
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