Vermont Estate Planning Blog

Wednesday, February 24, 2010

New Article - Decision Makers

When creating or updating an estate plan, part of the process involves the consideration of alternative decision-makers, such as financial or health care agents, trustees, and executors.  For example, if you are creating a durable power of attorney, you will need to name an agent or agents to act on your behalf, primarily to make decisions of a financial nature.  Invariably, parents consider naming children in these capacities.  But how do parents decide which child or children?  If the agents serve in a successive order, how do they decide what order?  Often, parents simply look at birth order.  And the most common first choice for parents is the firstborn.  Read more...http://vtelaw.com/index.aspx?TypeContent=ARTICLES&Art_Title=Naming_Decision-makers_by_Birth_Order_Method_(2_2010)&art_id=1603

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