Power of attorney allows the person you designate (your child or someone else) to make decisions or take actions on your behalf. This durable "springing" power of attorney will go into effect only when you lose capacity to make decisions yourself. Power of attorney can be established years before it is needed. It is never too early to establish who will have power of attorney when the time comes.
Estate administration is the preparation, arrangement, assessment, and distribution of an individual's property and financial assets after they have passed. It can be an overwhelming task.
A probate estate administrator that you personally choose can make sure that your wishes are respected and that the process is smooth for thoseleft behind.
A living trust is used to manage property and finances by a named trustee. It can start while the grantor is still living and can also be revocable. The trustee is responsible for managing investments, conferring with financial planners, securing and valuing all property in the trust, reviewing stock holdings, gathering information for the annual tax returns, managing property sales, supervising repairs and maintenance, and managing any business held in trust.
You don't have to be wealthy to enjoy the advantages of a trust.Your assets will be better protected, and your heirs will be at an advantage. Because creating and administering a trust involves a great deal of work, it's a good idea to name a professional fiduciary as trustee.
Dedicated elder care accomodates lifestyle changes due to Alzheimer's, dementia, recently being discharged from the hospital, etc. At Arizona Fiduciary Services we can help you choose the best elder care, we can supervise the quality of services received, and we can help intermediate with financial aspects, too.
Elder Care consulting is a custom service tailored to your specific needs. We do not provide elder care services, but simply use our knowledge and experience to make sure that you access the best elder care services.
Following an initial discussion, we will research the best candidates for your particular situation, make additional inquiries on your behalf, and make recommendations.
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