By Paul Schmitt
When reviewing your family estate plan, it’s important the person you choose will carry out your wishes for you and your estate. Most people after naming their spouse for the documents opt for one of their children to oversee the executive power of health and power of attorney. Attorney Stacy Vogeltanz from Ross Estate Planning says the eldest child is not always the best choice.
According to Vogeltanz, that agent for the financial and healthcare can be the same person but usually is not. It is recommended for people to revisit their documents every few years, because some banks may not accept the financial power of attorneys for being too old. Vogeltanz also says rules and laws change that may make it necessary to update the documents.