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In the July edition of the BWS Update: Learn why hand writing your will or making handwritten notes may not be the best idea. Hear from David Inabinett and Ryan McNeill on considering a senior living community. And celebrate Peach Ice Cream Day on July 17th!
As our lives change over time, our desires for a certain type of living situation may also change. When you are young, an apartment close to the “action” can seem like the ideal situation. Once you marry and have children, a big single-family home may work best. Once the kids have moved out and you are retired or approaching retirement, that big house may require much more of your time than you are willing to give!
If you have been named as an agent for a loved one under a power of attorney, you have some new legal responsibilities. A power of attorney is a legal document naming another party as an agent – someone who has the legal right to make decisions about money and property on behalf of the person who executed the power of attorney. This agent is also called a fiduciary. There are several types of powers of attorney. Each power of attorney should specify when the document goes into effect and what responsibilities are covered under the document.
Clients often ask, “Is it ‘legal’ to write up my own will” or “can I just write in changes to my will?” While a handwritten Will is recognized as “legal” in North Carolina, a June 2017 case decided by the NC Court of Appeals illustrates why that may not be such a good idea.
In the June 2017 BWS Update: Is a fast real estate closing always a good thing? Find out in this article by Gary Boweres; Ryan McNeill speaks on estate planning June 6 at Piedmont Crossing; and a Happy Father’s Day!
There is no doubt that technology and modern conveniences touch almost every aspect of our lives. The modern day consumer can purchase almost anything online, and with regard to a real estate loan closing our television promotes how easy it is to apply for a loan online or to close on your loan “faster than a speeding bullet.” At what point must the consumer ask the question, “What quality is being compromised for the sake of instantaneous gratification?”