It’s a common assumption: “If I have a trust, I’m covered.” But when it comes to incapacity and day-to-day financial decisions, that assumption can create gaps you didn’t expect.
A Power of Attorney (POA) is a legal document that allows you to give someone else the authority to act on your behalf.
When people start thinking about estate planning, the first question usually isn’t if they need a plan, it’s what kind. Two of the most common tools are a will and a trust. They sound similar, but they work very differently, and choosing the right one can make a big difference for your family.