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| Taking the Vows |
What happens during the
passing decades when one or the other experiences diminished capacity from injury
or medical condition? Some couples discover much too late after one or
the other has become incapacitated, decisions requiring joint legal action
cannot take place.
A couple owns property they have shared more than 20 - 30
years. One develops Alzheimer Disease and can no longer legally
act in their best interests because of diminished capacity.
Dependent on the State of Residence, this can become
complicated at a time when access to resources and proceeds from disposition of
holdings is important. This can generate burden at a time already
challenging enough.
David Weed in his column, Your Home and the Law directs
couples to have in place, “durable
financial powers of attorney”. This will allow the well spouse to act
in the interests of the family by signing important documents.
For more information, consult David by email or send Questions by email or visit blogs.

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