A major concern in elder law among family members and others serving as agent under a financial power of attorney for another is liability – specially “what is the extent of my liability as an agent?” The answer to this question is multifaceted, and involves a discussion of the general duties and obligations of an agent to their principal, state law, and legal counseling about certain recurring situations arising in elder law, including how to steer clear of liability in those circumstances where the agent may inadvertently obligate themselves personally for the financial obligations of the principal.
- Exceptions to the Early Withdrawal Penalty for IRAs, 401(k)s, and Other Qualified Plans
- Elville and Associates and the Institute on HealthCare Directives Partner to Offer MIDEO® to Firm’s Clients
- MAY 2019 VOLUNTEER OF THE MONTH – OLIVIA HOLCOMBE-VOLKE
- The Ins and Outs of Family Members Being Paid as Caregivers from Special Needs Trust Funds
- Olivia R. Holcombe-Volke Recognized for Pro Bono Estate Planning Work
- Which Estate Planning Process Is Right for You? The Answer Lies Within Your Goals …
- The 2010 Maryland Power of Attorney Act – A Gamechanger
- The Most Important Document in Estate Planning – The Financial Power of Attorney
- The Secure Act and Its Potential Income Tax Effect on Clients’ Estate Planning – Seven Important Opportunities
- The New Elective Share Law, a.k.a. “Augmented Estate Legislation” Has Passed. What Does This Mean to You?