Tag Archives: estate plan
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Looking Beyond Birth Order – Choosing Your Attorney-in-Fact
By: Erin R. Solaiman, Attorney at Law. An attorney-in-fact is the person you select to act on your behalf under your durable power of attorney. A durable power of attorney can be effective immediately or effective upon your incapacity. Under the power of attorney, that person will be your legal agent, and able to manage your bank accounts, bills, real property and other matters such as retirement accounts and life insurance contracts. They will essentially be able to perform any act related to your property that you could have performed. Many clients want to appoint their spouse as their primary agent, with their children, from oldest to youngest, listed as the successor agents. Naming your spouse first…
