Estate Planning

Student NameCourse Name and CodeSemesterUniversityTutorDate of SubmissionEstate PlanningQuestion 1Alice does not have a endure and Drew s will has not been updated since his previous marriage . broken of them has power of lawyer which means that they have not engender proper plans for the estates that whitethorn prove hard to distribute to beneficiaries should altogether of them die (Deaton , 2007 257 . Drew and Alice need to list the dimension in their estates and make a will on how these will be distributed in cocktail dress of their death . This way conflicts among their beneficiaries will be avoided in hereafter when they are goneGiven that Drew and Alice are considering the mightiness to manage each other personal matters in early , they should consider acquiring the power of attorney .

Power of the attorney surrenders a spouse or any other abetter _or_ abettor to act on behalf of the other in definite matters that they tote up in the presence of the attorney (Smith , 2006 : 98 . A stable power of the attorney allows the partner to lodge managing legal affairs of the other person even when he or she becomes alter . This means spouses can manage the business affairs and the property of each other in case of disability or mental incapacitation . A spouse may even allow the other to make important health tuition decision on his or her behalf under the health care power of attorney (Smith , 2006 : 103 . Alice and Drew ne ed to consider getting the power of...If you! ask to get a full essay, social club it on our website: BestEssayCheap.com

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