Do I Need a Durable Power of Attorney if I Have a Trust?

Do I Need a Durable Power of Attorney if I Have a Trust?

Yes, you should have a durable power of attorney even if you have a trust, including a living trust.  People often forget to transfer some of their assets into the trust or acquire assets in their own name after the trust is established.  If you have a properly prepared durable power of attorney, your agent may be able to transfer those assets into your trust if you are not able to do so due to illness or incapacity.  This could avoid probating your estate.  The power of attorney can also allow your agent to handle transactions for you that are not covered by the trust documents, such as filing tax returns and contracting for your medical and home care.  Contact Thomas T. Tornow, P.C. at http://www.tornowlaw.com to get a durable power of attorney or to make sure your power of attorney will work with your trust. 

Thomas T. Tornow, P.C.

By: Thomas T. Tornow

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