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What is a Life Estate? Elder Law Answers Form

What is a Life Estate? Elder Law Answers Form

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[Music] uh these are very powerful documents you always have to be mindful of the fact that of who it is that you're selecting and knowing that if you give them immediate access to your financial matters that they can use the document and go into a financial institution and have access to your funds uh the other type of power of attorney much less frequently used is something called a springing power of attorney and that's a power of attorney that springs into effect when a doctor certifies that you're not competent to make uh to take care of your finances those documents can be very difficult to use we rarely use bringing powers primarily because financial institutions dislike powers of attorney they want to be able to work with their customers directly and if what we're putting in place now is a situation where the power can't be used until we have a certification from a doctor that you're not able to man that you're not compete

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