Bolander Law Group assists clients by evaluating their estates and assisting in the controlling of assets, both before and after death, through careful planning according to clients wishes. We navigate laws governing trusts, estates and gifts, and use our experience to help clients fulfill both short- and long-term goals.
Even if you have a Will and/or a Trust, you may need a Durable Power of Attorney (DPOA). A DPOA is a document that allows you to appoint someone (your “Attorney-in-Fact”) to manage your assets you have not transferred to your Trust if you are incapacitated or for some other reason cannot manage assets. It is valid only during your life. This document gives your Attorney-in-Fact control over the assets held in your name, as an individual (as opposed to as Trustee of your Trust) and can take effect only upon your incapacity, unless otherwise directed. Your Attorney-in-Fact will have the same power you do, such as paying bills, transferring money, selling real estate and gifting money to your heirs. Often, your Attorney-in-Fact and your Trustee are the same individual. A DPOA is an important document that will allow your spouse or children to ensure your finances are taken care of in the event of temporary or permanent incapacity.