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No winter lasts forever; no spring skips its turn.
~Hal Borland~
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The end of a season...
In the beginning of winter, the air feels crisp, the snow is beautiful, and I enjoy feeling cozy and warm in front of the fireplace. By February, it seems the air is just cold, the snow is a nuisance and I am desperate to feel sun on my face. And just as I have had enough time with winter. it's time for spring. I love the change of seasons and the newness and freshness each one brings. How about you? Are you ready for a change of season?
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How to Protect Your Retirement Account
Shocking to most people, your retirement accounts can be seized once they pass to your loved ones. During your lifetime, your retirement funds have asset protection, meaning they can't be taken in a lawsuit. Unfortunately, as soon as retirement accounts are inherited, the protection evaporates. This means your hard earned money can legally be snatched by strangers and the courts.
As estate planning attorneys, we constantly look for ways to protect our clients as well as their loved ones and assets. That's why we suggest we have a conversation about your retirement accounts and together determine whether a retirement trust would make sense for you.
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Questions and Answers About Being
An Agent Under a Power of Attorney
If you have been appointed as an agent, or "attorney-in-fact," under a durable power of attorney or financial power of attorney, you may have questions about your duties, responsibilities and powers as agent. Your appointment allows you to act in place of the "principal" - the person signing the power of attorney -- for financial purposes.
- What are my duties as agent?
You have been appointed to represent the principal with respect to his or her financial affairs. In effect, you can step into his or her shoes and take whatever investment and spending measures the principal would take himself or herself. Unless limitations have been placed in the power of attorney itself, you can open bank accounts, withdraw funds from bank accounts, trade stock, pay bills, cash checks. All steps you take must be consistent with your role as a "fiduciary."
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 Is It Time to Take Action?
Contact us and find out how easy it is to set your estate plan up. You'll sleep better at night knowing things are taken care of the way you want.
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Welcome!
Elizabeth Schmitz practices estate planning, probate and elder law. She guides families and individuals as they provide for themselves and their loved ones during all states of life.
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| Contact Information |
Elizabeth Schmitz, Attorney At Law
1900 Polaris Parkway, Suite 450
Columbus, OH 43240
614-785-4980
eschmitz@eschmitzlaw.com
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