Estate Planning

Student NameCourse Name and CodeSemesterUniversityTutorDate of SubmissionEstate PlanningQuestion 1Alice does not have a house and Drew s will has not been updated since his previous marriage . unelaborated of them has power of lawyer which means that they have not constrain proper plans for the estates that may prove hard to distribute to beneficiaries should each(prenominal) of them die (Deaton , 2007 257 . Drew and Alice need to list the dimension in their estates and make a will on how these will be distributed in outcome of their death . This way conflicts among their beneficiaries will be avoided in hereafter when they are goneGiven that Drew and Alice are considering the mogul to manage each other personal matters in upcoming , they should consider getting the power of attorney .

Power of the attorney surrenders a spouse or any other abettor _or_ abettor to act on behalf of the other in sealed matters that they tote up in the presence of the attorney (Smith , 2006 : 98 . A stable power of the attorney allows the partner to bide managing legal affairs of the other person even when he or she becomes alter . This means spouses can manage the seam affairs and the property of each other in case of disability or mental incapacitation . A spouse may even allow the other to make important health disturbance decision on his or her behalf under the health care power of attorney (Smith , 2006 : 103 . Alice and Drew need to co nsider getting the power of...If you ask to! get a full essay, company it on our website: BestEssayCheap.com

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