Guardianship Versus a Durable Power of Attorney
If you're considering whether you want to set up a guardianship or a durable power of attorney, it's vitally important that you understand the difference between the two options. In short, a durable power of attorney allows someone else to handle affairs for you through a delegation of rights. A guardianship prevents people from making decisions that are going to be against their best interests, by giving someone else control over their options and what they're allowed to do. An estate plan with a durable power of attorney would be more favorable when a person becomes incapacitated, as opposed to a...
Continue reading