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Maine General Durable Power of Attorney for Property and Finances or Financial Effective Upon Disability Form

Maine General Durable Power of Attorney for Property and Finances or Financial Effective Upon Disability Form

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natural power of attorney is super important if you have a revocable living trust centered estate plan like i talked about in the other videos if you had a little rental house or some other asset that got left out of your trust somebody needs to have the authority to move that asset from your personal name into the name of your trust now a lot of times people will name their successor trustee as the same person as their financial power of attorney so if you were to become incapacitated your successor trustee their job when they first start is to figure out what all of your assets are and if they find something that's not in their trust then they take off the hat of successor trustee and they put on the hat of power attorney and they make that transfer while you're incapacitated and hopefully before you pass away if they can do that then they'll avoid probate because it's no longer a probate asset it's a trust asset

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