Power of attorney gives the agent control over your medial decision and financial matters while you are alive. While the executor is an agent to carry out a will when someone died, such as making sure the deceased personals debts are paid and inheritance is property distributed according to the will
Good question. All middle-class families need basic planning such as revocable living trusts to transfer the title of all assets into such trust, then for additional purposes, you might need advanced planning such as an irrevocable living trust to transfer the title of selected assets into such trust. Such purpose includes but is not limited to protecting real estate from nursing homes, special trust for special needs children, and avoiding estate tax, etc. Feel free to contact us at 512-575-2666 or jeanie.z@springdalelaw. We handle wealth management in all 50 states.