Planning for Life

How Many Agents Do You Have?

Posted by Harry S. Margolis on January 24, 2018

By Harry S. Margolis

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You may have a lot of people who you have appointed to act for you at various times who are your agents. And you may be an agent for a number of other people without thinking about it, or perhaps without even knowing about your role.

Agency relationships can be created in a myriad of ways. Some come about formally via specific nomination in an estate planning document, while others result from a position of trust and authority created in less formal ways. Here are some of the agents you may have or roles in which you may serve:

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Topics: durable power of attorney, trustee, proxy

What Do You Do When the Bank is Unreasonable?

Posted by Harry S. Margolis on January 2, 2018

By Harry S. Margolis

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We advise our clients to execute durable powers of attorney to make sure that someone can step in and take care of their legal and financial matters in the event of incapacity. Sometimes, individuals use these documents to take advantage of seniors and on very rare occasions banks are held responsible when that happens. As a result, they are often reluctant to accept durable powers of attorney for their intended purpose. This can cause real problems and costs for families.

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Topics: durable power of attorney

What does it mean to be an agent under a durable power of attorney in Massachusetts?

Posted by Harry S. Margolis on September 14, 2016

By Harry S. Margolis

Have you been asked to serve as an agent (or "attorney-in-fact" to use the technical term) under a durable power of attorney in Massachusetts, but you're not totally sure about your duties and responsibilities? Then you're not alone.  Here's a primer.

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Topics: trusts, guardianship, Estate Planning, durable power of attorney

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