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The age of legal majority is 18 years old. At that age, an individual has full legal control over their decisions. Even if as parents, we don't think they should or are ready to have such control. Outside of a court order, the only way for a person to give that control to their parents or share it with them is through legal documentation. This is done by naming a parent as an agent who can make financial decisions for their adult child under a financial power of attorney or healthcare decisions under a medical power of attorney. These documents can be extremely helpful when adult children go away to college and may need medical treatment or a parent to assist with finances or legal matters. It is recommended that everyone 18 and older have an estate plan that includes these documents to address who can act on their behalf. Parents consider talking to your adult child about the importance of estate planning, and if either of you have any questions, contact our office. Ask about our Powers Pack, which include the Financial Power of Attorney, Healthcare Power of Attorney, Living Will and HIPPA Authorization. Renewed Legacy Law Group https://lnkd.in/exR8NmX9 (919) 436-4400 #IncapacityPlanning#EstatePlanning#RaleighEstatePlanningAttorney

Did you know that a solid Durable Financial Power of Attorney could be the difference between whether your family has the legal authority to preserve any of your assets from a long-term care health crisis? Establishing a Durable Financial Power of Attorney might be the most important document you can execute. To avoid the risk of going through the need for a legal guardian, a Durable Financial Power of Attorney allows you to name someone, such as a spouse, child, or sibling to make financial decisions for you if ever you cannot make them for yourself. Additionally, while you are healthy and of sound mind, you have the right to make any healthcare decisions for yourself that you want. But what happens if you become incapacitated or have a cognitive impairment that prevents you from acting on your own behalf? You will want to ensure that you have designated a Healthcare Power of Attorney. A Healthcare Power of Attorney is designed to appoint another individual to make medical decisions for you if you are unable to for yourself. Powers of Attorney are a core foundation of a proper estate plan. Make sure you have a plan to address the risks you could face while you are still living, and not just focusing on what happens to your assets when you pass away. Do you have your Powers of Attorney established yet? If not, let's chat! #snyderelderlawandestateplanning #elderlaw #estateplanning #elderlawattorney #estateplanningattorney #willsandtrusts #assetprotection #veteransbenefits #nursinghomecrisisplanning #powersofattorney #assetprotectionplanning

Empower your child's future with a Power of Attorney! This legal tool allows your adult child to designate a trusted person for financial and healthcare decisions. There are two key types: the General Durable Power of Attorney, enabling assistance with financial affairs post-18, and the Power of Attorney for Healthcare, granting authority over medical decisions. While every adult should consider these tools, it's crucial to note that not all financial institutions honor a Power of Attorney. We're here to guide you on the best options and help set up your child's accounts for immediate access if needed. Encourage your child to take this proactive step in maintaining your ability to assist them when they need it most. Let's discuss which options are best for you and your adult child. 📑💼 #PowerOfAttorney #LegalEmpowerment #FinancialSecurity #HealthcareDecisions #ParentalSupport #PlanningForTheFuture

Why Powers of Attorney are Essential for Everyone 🔑 Taking Control of Your Future: A power of attorney is a legal document that allows you to appoint someone you trust to manage your affairs if you’re unable to do so. It’s not just for the elderly; unexpected situations can arise at any age. 🤝 Choosing Someone You Trust: With a power of attorney, you decide who makes decisions on your behalf. This ensures that your matters are handled exactly how you would want them to be. 💼 Managing Financial Affairs: Whether it’s paying bills, managing your investments, or keeping your business running, a power of attorney ensures that your financial responsibilities are taken care of. 🏥 Healthcare Decisions: A healthcare power of attorney allows your designated agent to make medical decisions for you, ensuring that your health and personal care wishes are respected. 📜 Avoiding Legal Hassles: Without a power of attorney, your loved ones may face lengthy and costly court proceedings to gain the authority to handle your affairs. ✨ Peace of Mind: Knowing that your affairs will be in good hands provides peace of mind to you and your loved ones. Remember, setting up a power of attorney is a profound act of trust and foresight. Don’t wait until it’s too late; take the steps to secure your future today. #PowerOfAttorney #FuturePlanning #LegalAdvice

There are 5 legal documents every elder should have in place: 1- Medical Directive: Also known as an Advanced Directive. This document sets out the level and extent of care your loved one wants to receive when they become ill or incapacitated. 2- Power of Attorney for Healthcare: A power of attorney for healthcare allows you to make healthcare decisions for your loved one. 3- Power of Attorney for Finances: A power of attorney for finances allows you to manage your loved one’s financial affairs, pay bills, sell property, contract for services, rent property, pick living arrangements, and so on. 4- Revocable Trust: It allows your loved ones to retain control over their estate while making transfers of assets to beneficiaries. 5- Will: A will is a legal document that lets your loved one tell the world who should receive which of his or her assets after death. _____________________________________________________ Faith in Action of Marathon County can provide transportation if you need to see an elder law attorney within Marathon County. Call our office to receive an application or, if you're already a Care Receiver, to schedule transportation.

If you become unable to make decisions about managing your money, property or your medical care, you can appoint someone you trust to look after your affairs with a power of attorney. A power of attorney means loved ones can make decisions on your behalf – without one you may have serious delays in arranging proper healthcare or accessing your money. #financialplanning

If your ex has lost their job and can no longer make child support payments as previously agreed, there are several options to consider. It's important to address this issue promptly to avoid accruing arrears. The parties involved can: ➡️ Mutually Agree on a Temporary Adjustment: If both parties can agree, a temporary arrangement can be made to adjust the support payments until the payer's financial situation improves. It's advisable to document any agreement in writing. ➡️ Seek a Variation Order: If an agreement cannot be reached, the payer can apply to the court for a variation order. The court will consider the change in circumstances and may adjust the child support payments accordingly. Learn more about our family law services and how we can assist you. Visit https://bit.ly/41loDM1 for detailed information and support from our team.

📢 Attention Parents of College-Bound 18-Year-Olds! 🎓 As your child embarks on this exciting new journey, it's crucial to consider obtaining a Power of Attorney for their medical and financial decisions. Here are three key reasons why: 1. **Medical Emergencies**: In the event of a medical emergency, you'll need legal authority to make decisions on your child's behalf. A Power of Attorney ensures you can act swiftly and effectively. 2. **Financial Matters**: Whether it's managing tuition payments, accessing bank accounts, or handling unexpected expenses, having a Power of Attorney allows you to assist your child with their financial affairs seamlessly. 3. **Privacy Regulations**: Once your child turns 18, privacy laws (like HIPAA) restrict your access to their medical information. A Power of Attorney grants you the necessary permissions to stay informed and involved. As a professional notary public, I can help you navigate this important process smoothly. Reach out today to get the POA notarized and secure peace of mind for you and your college-bound student! 📄✍️ #CollegeReady #PowerOfAttorney #NotaryServices #ParentingTips #MobileNotary

If you don't have a Lasting Power of Attorney, it could make life difficult for your loved ones if you are incapacitated because: 🏥 You may have to wait weeks or months to make decisions 🏥 It may be more costly 🏥 The appointed deputy may not be the person you would have chosen Read our blog, linked below, to find out more. 👇

For my lawyer friends, some thoughts please? I was really interested in this bit of the judgement Katharine shared; "There is no need for financial disclosure to be given prior to parties engaging in NCDR. NCDR will almost invariably provide for such disclosure to be given as part of the process. Many forms of NCDR also have ‘teeth’ if there is (say) a reluctant discloser. For example if parties enter the IFLA financial arbitration and a party disobeys the arbitrator’s order then pursuant to the Arbitration Act 1996 s42(1) (headed “Enforcement of peremptory orders of tribunal”), unless otherwise agreed by the parties, the court may make an order requiring a party to comply with a peremptory order made by the tribunal. Additional court powers exercisable in support of arbitral proceedings are set out in s44 of the same Act." Questions; 1.Outside court and arbitration, what other "teeth" there are for a reluctant discloser? My experience is that the vast majority of my clients experience a reluctant discloser (given the particular highly focused niche I have). And what I've experienced their legal teams do well is run legal proceedings in parallel to NCDR, so that the teeth of the court can ensure disclosure, whilst the aim still being to find a resolution out of court. 2. Am I right in thinking that this may no longer be possible, or discouraged? Thanks in advance.