FIDUCIARY SERVICES
Are you concerned that you are no longer able to manage your affairs? Do you struggle with simply paying your monthly bills? Have family members who may be too busy or too far away to be troubled with the details? Let me help you keep things organized and on track.
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Personal bookkeeping
Banking/Monthly bill paying
Financial management working with clients' financial adviser
Record organization
Representative payee
Medical insurance claims
Executrix for Wills
Power of Attorney
POWER OF ATTORNEY
A power of attorney is a voluntary arrangement by which you delegate certain stated powers to someone else. The written power of attorney specifies the financial and/or legal powers given to the second person, also called the "attorney-in-fact". The person who signs the power of attorney and the "attorney-in-fact: can both exercise the stated powers. A power of attorney is revocable at any time prior to incapacity.
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There are two types of powers of attorney to consider, Financial and Health Care. A financial power of attorney attends to all aspects of money, trusts, wills, investments, legal proceedings, income, taxes, gifts and property to name a few. A living Will or Advance Health Care Directive (AHCD) provide all aspects of how a principal expects life to be maintained or discontinued.
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These are classified as general, durable, springing or limited. A power is said to be durable when the agent continues to act on behalf of the principal when said is deemed unable to make decisions regarding health care or finances. A power may be springing at a specified future time or subsequent incapacity of the principal. A limited power is typically used for real estate transaction where the principal cannot be present and such has an expiration date set forth in the power. However, all powers expire when the signer does as well.
REPRESENTATIVE PAYEE
When an individual can no longer manage their financial affairs with the Social Security Administration (SSA), an approved representative may assume the task. Since powers of attorney are not recognized by the SSA, it is necessary to designate a payee, usually the "attorney-in-fact" or trustee.
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*As the SSA prevents for-profit organizations or persons from serving as representative payee, this service is only offered when I am also acting as power of attorney or trustee