By Larry Heller via Iris.xyz
Iit’s very easy to get caught up in the complexities of estate planning. Often, we can miss the most fundamental planning techniques.
Let’s get the basic pieces of your estate plan in place.
1. Power of Attorney
This is typically a standard document and a term I hope many of you are already familiar with. If not, the basic break down of a Power of an Attorney is you name someone, a trusted person, to step into your shoes and act on your behalf while you’re living. This addresses situations where someone is temporarily incapacitated and are unable to attend to immediate concerns like paying bills. This role can be as narrow or as broad as you see fit, allowing for various amounts of control.