Editor’s note: This is the third article in a monthly step-by-step guide for getting your financial house in order. Yes, it’s a daunting process, but we’re breaking it down into manageable steps that you can take each month until the task is done. We’ve already brought you How to Put Together Your Personal Net Worth Statement and Two Estate Planning Issues You Should Never Overlook, about asset titling and beneficiary designations. For June, we’re reviewing financial and health care powers of attorney.
Your life changes — and so should your legal documents. At least once a year, it's wise to review your financial power of attorney (POA) and health care power of attorney (HCPOA) to make sure they still reflect your wishes and current life circumstances.
