Without proper planning, dealing with estate matters and handling parent's business and personal matters can become a modern-day Cain versus Abel family dispute. Before executing a power of attorney, family members should understand its powers, its place in estate planning and how sibling powers can be assigned and shared.
A recent study revealed what each state's residents have the most concern about when it comes to finances. In Michigan, the most Googled financial term was "income tax." However, perhaps Michigan residents should take a cue from New Yorkers and feel more concerned about estate planning, which was that state's most searched term.