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Monthly Archives: July 2009

A Powerful Document: The Power of Attorney

A power of attorney is a legal document in which a person (the principal) designates and authorizes another person (the agent or attorney-in-fact) to transact business or make certain decisions on his or her behalf.
When a power of attorney is in effect, the agent essentially steps into the shoes of the principal and makes decisions [...]

Paying your Estate Taxes

If you have done everything possible to minimize any estate tax liability and ultimately still owe estate tax, the question that often arises is “what is the best way to pay the estate tax?”
One of the most important goals of estate planning is to provide for sufficient liquidity in a decedent’s estate.  In addition to [...]