“Thought for the Day” #909 – by Stephen R. Elville, J.D., LL.M.

February 20, 2017

Many people with older will-based estate plans do not understand that in such plans, the financial power(s) of attorney likely represents the sole mechanism for financial management in the event of incapacity. Because of this stubborn fact, the careful design and updating of powers of attorney in will-based plans, especially older ones, is absolutely essential.