IF I HAVE A TRUST, WHY DO I ALSO NEED A POWER OF ATTORNEY? (video)

Even if someone has established a revocable living trust as part of their estate plan, they may still require a power of attorney for a few key reasons.

First, a power of attorney is needed for managing non-trust assets that were never properly retitled and funded into the trust. Second, it is essential for handling non-trust financial matters and making decisions during any period of incapacity. A specific power of attorney may also be required for certain legal transactions and contexts.

Finally, having a durable power of attorney in place can help avoid costly and time-consuming court interventions through conservatorship. Therefore, while a living trust is crucial, a power of attorney is also a crucial supplemental document for managing non-trust assets and personal affairs during the creator’s lifetime, especially in case of incapacity.

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Rather than attempting a do-it-yourself power of attorney that could potentially create issues, clients receive Andrew Fesler’s trusted legal guidance and expertise. With attention to detail and nuanced customization, our team delivers tailored POAs that robustly protect clients while seamlessly aligning with their trust and broader estate objectives.

If you have a trust but suspect you may also need a power of attorney, call our office today to schedule a consultation.

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