Estate Planning Attorneys Cape Cod
508-775-7800

Estate Planning

Powers of Attorney

A power of attorney allows one individual to handle the financial affairs of another, including buying or selling assets, depositing or withdrawing funds from bank accounts, etc.  A power of attorney can commence either immediately, or upon your becoming incapacitated as certified by a physician.

A power of attorney is unnecessary as to assets previously transferred into a living trust.  However, if there is property outside of the trust, such as IRAs, a power of attorney is needed to buy and sell those assets within the IRA.  

A power of attorney can postpone or avoid a conservatorship if you become disabled.  It can save an enormous amount of family grief.  It is inexpensive, and considered essential for those without trusts.

 

Boyd & Boyd, P.C.

Centerville Gardens
1060 Falmouth Road, (Rte 28)
Hyannis, MA 02601

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508-775-7800