28
August
Estate planning typically focuses on what happens to your assets when you die. But it’s equally important (some might say more important) to have a plan for making critical financial and medical decisions if you’re unable to make those decisions yourself. That’s where the power of attorney comes in. A question that people often struggle with is whether a power of attorney should be springing or nonspringing. To spring or not to spring A springing power of attorney is effective on the occurrence of specified conditions; a nonspringing, power of attorney is effective immediately. Typically, springing powers would take effect if.
