Are your legal documents in order?

Posted In: COVID-19 Financial Planning

As you hunker down and focus on the health of your families, your loved ones, your neighbors, and the nation, as a whole, it is an opportune time to review those documents and communication tools that might be needed if you are unable to make decisions yourself (either due to illness or just the inability to leave your residence). Two important documents, your Financial and Healthcare Powers of Attorney, help ensure that you don’t miss a beat. If your Financial Power of Attorney (FPOA) was signed prior to 2015, it may be missing new statutory language that is required by many financial institutions. Making sure your Healthcare document has adequate HIPAA language is also important.

 

If you’d like to get started, contact our trusted partners at Aevitas Law by emailing info@aevitas.law.

 

You can learn more about these documents and the process at aevitas.law/blog/.

 

 

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purposes of avoiding penalties that may be imposed by law. Each tax payer should seek tax, legal or accounting advice from a tax professional based on his/her individual circumstances.
This material is for informational purposes only. Neither APFS nor its Representatives provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions. Information has been obtained from sources believed to be reliable and are subject to change without notification. The information presented is provided for informational purposes only and not to be construed as a recommendation or solicitation. Investors must make their own determination as to the appropriateness of an investment or strategy based on their specific investment objectives, financial status and risk tolerance. Past performance is not an indication of future results. Investments involve risk and the possible loss of principal.

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