Skip to main content

Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance?

Updated • 3 months 3 weeks ago

I am 68 yrs. old and will retire in January '25.  I have three grown children and I would like to assign two of them to be in charge 

of certain things.  I have a 401k and Life Insurance checking, savings that will need to be distributed between them and my car to

go to my granddaughter.  Can I put my wishes in writing or do I need the legal papers?  

 

Thank you,

Sally

 

Comments

Questions & Answers: Your Comments

Mon, 08/12/2024 - 18:29 This page is dedicated to Elder Law in Hebron

Elder Law Hebron

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
By submitting this form you consent to our Terms & Privacy Policy

Legal issues addressed by your fellow citizens

  • Top Tax Law Questions for 2022-2023

    Top Tax Law Questions for 2022-2023 Who Doesn't Have to File Income Taxes? Not everyone has to file an income tax return. Some groups of people are not required to submit a federal tax return, though it may still be beneficial for them to do so. The most common group that is exempt from filing taxes is those who have made less than the standard deduction amount over the course of the previous year. This amount changes every year and is based on filing status (e.g., single, married filing jointly, etc.). In…

  • What to do if you have a court hearing and might have autism?

    What to do if you have a court hearing and might have autism? If you have a court hearing and think you may have autism, it is important to inform the court of your diagnosis. You should also speak with an attorney who has experience dealing with people on the autism spectrum about your rights. They can help ensure that your court proceedings are fair and equitable. An attorney can also work with you to develop strategies for communicating in court or if necessary, arrange for a special needs advocate to be present during proceedings. 

  • Can you get in trouble for almost hitting someone with your car? FAQ…

    how to handle various types of accidents... Yes, depending on the circumstances, it is possible to get in trouble for almost hitting someone with your car. Depending on how close you were and the speed at which you were traveling, you could be charged with reckless driving or other criminal offenses if someone was injured as a result of your actions. In addition, civil lawsuits may also be filed against you by those affected by your negligent behavior. Therefore, it is important to drive safely at all times so that you…

  • Do I need all parties information following the accident in Florida?

    Legal Issues - Ask4Justice Yes, you should obtain the names and contact information of all parties involved in the accident, including drivers, vehicle owners, passengers, and witnesses. Additionally, if either driver was operating a commercial vehicle at the time of the accident or if a law enforcement officer responded to the scene of the accident, you should record their respective details as well. Having this information will not only help you determine who is at fault, but it may also be necessary…

  • How many attorneys are in California? And much more interesting answer…

    How many attorneys are in California? And much more interesting answers!   The number of attorneys in California is difficult to determine precisely as the State Bar does not track exact figures. However, according to the American Bar Association, in 2019 there were approximately 191,059 licensed attorneys in California. This included both active and inactive members of the State Bar. Additionally, more…

  • Is there any way to preserve conversion rights of Convertible Debt in…

    Is there any way to preserve conversion rights of Convertible Debt in a Chapter 11 Bankruptcy? Yes, convertible debt can be preserved in a Chapter 11 Bankruptcy. The Bankruptcy Code provides certain protections to holders of convertible debt that allow them to maintain their conversion rights and convert the debt into equity at certain times during the bankruptcy process. In addition, creditors may also negotiate for additional protections such as conversion triggers or other contractual provisions that further preserve conversion rights. Creditors may also seek to protect their…

  • Digital marketing for law firms in 2023 - Free but valuable tips!

    Digital marketing for law firms in 2023 - Free but valuable tips! In 2023, the legal landscape will be drastically different from what it is today. Digital marketing for law firms will need to evolve and embrace new strategies to stay competitive. To succeed, law firms must focus on creating meaningful connections with clients and potential customers by developing compelling digital communications strategies that engage them in an interactive way. Law firms…

  • Explanation of E Commerce Law in the United States - Types, Benefits,…

    Explanation of E Commerce Law in the United States - Types, Benefits, Costs E-commerce law in the United States is a rapidly developing area of the law. Federal and state governments are both working to create regulations that will protect consumers and businesses alike. The goal is to create an environment where e-commerce can flourish while still protecting the rights of all parties involved. There are currently a number of different federal laws that apply to e-commerce. The most important of these is the …

  • What does Family Mediation lawyers do?

    Family mediation law in the United States Family Mediation lawyers provide a unique service within the legal system. They help families in conflict to resolve their differences without going through the traditional court system. In many cases, family mediation can be a cheaper and faster way to reach an agreement than going to court. Family Mediation lawyers in your area work with both sides of a family in conflict to help them reach an agreement. They use a variety of techniques to help the family members communicate…

Find more Elder Law lawyers near you

  • Burzynski Elder Law

    Lawyer Image Do you want to compare Burzynski Elder Law with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Naples, but focus on different areas of law. Burzynski Elder Law is Elder Law attorney with a valid license since 1991, who you can call or meet at 1124 Goodlette-Frank Rd, FL.

  • Brenton C. McWilliams

    Lawyer Image Do you want to compare Brenton C. McWilliams with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Alabama, but focus on different areas of law. Brenton C. McWilliams is Elder Law attorney with a valid license since 2016, who you can call or meet at 25814 Canal Rd #5, AL.

  • Tim Sechler

    Lawyer Image Do you want to compare Tim Sechler with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Cranberry Twp, but focus on different areas of law. Tim Sechler is Elder Law attorney with a valid license since 2024, who you can call or meet at 20206 Rte 19 #300, PA.

  • Jason Eric Neufeld

    Lawyer Image Do you want to compare Jason Eric Neufeld with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Aventura, but focus on different areas of law. Jason Eric Neufeld is Elder Law attorney with a valid license since 2009, who you can call or meet at 2641 NE 207th St #100, FL.

  • Craig A Knapp

    Lawyer Image Do you want to compare Craig A Knapp with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Phoenix, but focus on different areas of law. Craig A Knapp is Elder Law attorney with a valid license since 1993, who you can call or meet at 850 N 2nd Ave, AZ.

  • Marissa Daidone

    Lawyer Image Do you want to compare Marissa Daidone with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Sayville, but focus on different areas of law. Marissa Daidone is Elder Law attorney with a valid license since 2011, who you can call or meet at 140 Lakeland Avenue, NY.

  • Brandon Scott Dornbusch

    Lawyer Image Do you want to compare Brandon Scott Dornbusch with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Traverse City, but focus on different areas of law. Brandon Scott Dornbusch is Elder Law attorney with a valid license since 2014, who you can call or meet at 620 Woodmere Ave Ste A, MI.

  • John T. Hranek

    Lawyer Image Do you want to compare John T. Hranek with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Los Angeles, but focus on different areas of law. John T. Hranek is Elder Law attorney with a valid license since 1996, who you can call or meet at 31165 Temecula Parkway, CA.

  • Reza Davani

    Lawyer Image Do you want to compare Reza Davani with Do I have to have Legal documentation to assign my children as POA of Health and the other POA of Finance? and find out which one will fit your needs? Both lawyers are from Bel Air, but focus on different areas of law. Reza Davani is Elder Law attorney with a valid license since 2013, who you can call or meet at 336 S. Main Street, MD.

© 2022 ask4justice.com