A critical document. This document dealing with your financial affairs allows you to appoint an agent (typically referred to as an “attorney-in-fact”) to make your financial decisions for you if you are incapable of making them for yourself. This power is designed to avoid the significant expense and time delay in petitioning the court for the appointment of a guardian.
This document is an essential one we use for virtually every client. In light of recent changes in Maryland estate tax, particularly important to consider specific provisions in the Power in order to reduce potential Maryland estate taxes in a "death-bed" situation.
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