Although every state’s laws and forms vary, most power of attorney forms specify that the agency relationship created by a power of attorney ends upon a person’s death.

If we have learned anything these past few years, it’s that life is fleeting. Amid such uncertain times, many of us have realized what – and who – truly means the most to us.

Powers of attorney can be overridden. However, the “who” and “how” depends on whether the principal is of sound mind.

Many power of attorney forms allow for a variety of options in designating who may act as your agent. Depending on the rules of your state, this can be one person or more than one person.

Creating a spendthrift trust for your loved one can limit their spending and your protect wealth. While this type of trust may come at the expense of their autonomy, it can provide them with greater financial security.

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects patients’ privacy.

Some assets transfer directly to heirs after a person’s death. Other assets must go through a process known as probate.

Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.