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Living Wills, Power of Attorneys, etc.

A couple of weeks ago, I started the paperwork to switch my aunts IRA, currently in a Floriday bank, to another bank in California.

When my aunt lived in Florida, she had executed a Durable Power of Attorney giving me authority over all her financial affairs, as well as executing a Living Will, so I thought I would have little trouble transferring her account.

What I didn't realize was that Durable Power of Attorney, while it may have been valid in Florida, isn't valid in the state of California. At least it doesn't give me the authority to act on her behalf in regards to certain financial transactions, I thought it would.

So I just logged on to LegalZoom.com to execute a new Durable Power of Attorney for her to sign.

I also decided it would be a good idea to execute a new Living Will for Sylvia, since I doubt the one executed in Florida is valid in California. And while I'm at it, I plan on doing the same for Edie and me.

I would also suggest that everyone reading this post, re-evaluate your own situations, and make sure all your financial and health affairs are in order.

Even if think you're invincible or in good health, you'd be surprised how quickly things can change.

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