Power of Attorney can give an attorney short-term privileges to act on someone’s behalf, like in a real estate closing. But it’s not only for attorneys.
POA is a document that also serves as the solid base of a strong estate plan. If someone becomes ill or unable to make decisions, a dependable person may be set up to take control of their assets, ideally with their best interests in mind.
However, before giving someone this ‘power,’ you must know that you trust them fully, and that they would follow your wishes and make smart choices if it came down to it.
Always remember to review documents like this periodically with an attorney so they don’t go stale and become unusable. Feel free to check out stiles-estates.com or call 781 319 1900 and set up a free consultation.
Have you read “The 7 Habits of Highly Effective People” by Stephen Covey? He preaches ideas like “Be proactive” and “Win-win.” Practices like these are the foundations upon which Stiles Law was built.
Often people think that lawyers are only meant to step in when something in life goes horribly wrong. Here at Stiles Law, we take on a proactive and preventative approach, so we can help you shape the future and protect your legacy.
Now’s the time to start thinking more seriously about starting or revisiting your estate plan, and we have just the team for you. Attorney Ben Cote and his team will take the time to make sure all the T’s are crossed and the I’s are dotted when it comes to your plan.
We can’t wait to work with you. Visit stiles-estates.com
In the meantime, consider giving Covey’s book a read. Let us know what you think.
There are many reasons why someone might want to put their home in trust, but most commonly, it’s for estate planning purposes. Truly, the act of putting all your assets in trust has the makings of a quality estate plan.
Curious if you should put your home in trust? A revocable trust is a tool you can use today to determine what happens to your property and/or assets after you’re gone. Having this concrete plan in place will save you and your trustees and family from extra troubles in the future.
We encourage anyone with questions on the topic of estate planning and trusts to set up a free consultation with our estates team. Visit stiles-estates.com or give us a call at 781 319 1900.
ICYMI: Mortgage interest rates fluctuate, and they were at an all-time low recently. Although they went up for a bit, they’re back down again now, so it isn’t too late for you to take advantage of this opportunity. But strike while the iron is hot, because they’ll be going back up again before you know it.
We’re hearing that anyone with interest rates above 3.875% could benefit from refinancing, as rates are currently hovering around 3%. Just think of what you could do with that extra capital to invest in your future.
What’s keeping you from going for it? If you need to build a relationship with a loan professional or financial advisor, let us help connect you. If you have other reservations, feel free to schedule a time to strategize with Mark at calendly.com/mstiles
Did you accept forbearance on your mortgage payments because of COVID? Are your options now looking slim or undesirable? They might be telling you you have to pay it all at once, pay a larger sum per month, or even sell your house.
This might not apply to you, but it might apply to someone you know. Now that the foreclosure moratorium is gone, lenders are ready to move preforeclosures along to the next step.
Some borrowers may have been under the impression that their deferred amount would be tacked on to the end of their loan, but in reality the options vary between federal loans and private mortgage providers, who can essentially make their own rules.
We encourage you to check out the Consumer Finance Protection Bureau (CFPB) website for more in-depth information — especially the “Explore Coronavirus Resources” section — to find more about the actions you can take and to make sure your mortgage servicer is behaving ethically.
Please reach out so we can help! Calendly.com/mstiles