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October 2012 Archives

Powers of attorney are important, but does everyone need them?

Our Michigan readers may be familiar with several of our previous posts, which bring to light some more information about the various documents involved in a comprehensive estate plan -- a will, trusts, etc. One of our recent posts detailed the importance of an oft-overlooked part of a comprehensive estate plan: powers of attorney. These documents, which some people may not be as familiar with as they might be with something like a will, also play key roles in laying out certain desires and wishes to be followed.

Kevorkian assets in tug-of-war, but settlement finally reached

Most of our Michigan readers probably remember Dr. Jack Kevorkian. The nationally known advocate for assisted-suicide died in the Detroit area in June of this year at the age of 83. Of course, this was only after he served a prison sentence after being convicted in 1999 of second-degree murder for his role in the assisted suicide of a terminally ill Michigan resident. He was released in 2007. Now, in the course of Kevorkian's ongoing estate administration, it looks as if some of his personal property will be returning to his designated heir.

Don't overlook powers of attorney in your estate plan

Any of our Oakland County readers who are familiar with some of our most recent posts have seen the discussion of some of the most important aspects of a solid, comprehensive estate plan. Of course, it is probably obvious that the first estate planning document to be discussed is a will, since this particular instrument can spell out many of the most important wishes to be carried out, from asset distribution to funeral arrangements. And, for those who may be interested, previous posts have discussed the many uses of trusts, and how they can be especially effective in addressing several areas concerning the transition of assets. However, there are other documents that should not be overlooked for the importance - powers of attorney.

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