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Maryland Estate Planning Attorney: When Does a Durable Power of Attorney for Finances Become Effective? (aka, Financial Power of Attorney, Power of Attorney, Maryland Power of Attorney)

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Having a Durable Power of Attorney for Finances, also called a Financial Power of Attorney, Durable Power of Attorney, or simply a Power of Attorney—allows an individual to act on your behalf. Having a Durable Power of Attorney for Finances is an important document if you own property or have income, investments, or expenses in […]

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Maryland Estate Planning: Validity of Powers of Attorney and the Maryland General and Limited Power of Attorney Act

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Is a bank or institution refusing to recognize your Power of Attorney? In a previous post I discussed the importance of having a Durable Power of Attorney for Finances (DPAF). But what do you do if someone refuses to recognize your DPAF? In 2010, the Maryland General and Limited Power of Attorney Act (the Act) […]

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Maryland Estate Planning: Benefits of Having a Durable Power of Attorney for Finances (Financial Power of Attorney, Power of Attorney, Durable Power of Attorney, Maryland Power of Attorney)

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Having a Durable Power of Attorney for Finances (DPAF), also called a Financial Power of Attorney, Durable Power of Attorney or simply a Power of Attorney—allows an individual to act on your behalf in the event you become incapacitated. Having a DPAF is an important document if you own property or have income, investments, or […]

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Legal Definitions

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This section is updated when new terms are used in the Law Office of Stephen J. Reichert, LLC blog. Ancillary Probate – If decedent had real property in another state (ancillary) probate is required in that state. Bankruptcy Trustee – A person appointed by a bankruptcy court to supervise the affairs of a person or […]

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