WatchDog University

Find answers to all the questions caregivers face.
Executor vs. Power of Attorney

If you already have an executor named in your will, you may be wondering why you still need a power of attorney. After all, aren’t they essentially very similar? Don’t they do the same things, more or less? The answer is no, because there are some key differences between the two. Let’s take a look […]

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What to Do When Your Loved One Has Diminished Capacity

“Diminished financial capacity” is a term that refers to a person’s decline in the ability to manage money and financial assets. It also includes an inability to understand the consequences from investment decisions.  While the inability of someone to manage their money is certainly an issue in and of itself, they may also become more […]

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Should My Name Be Added to the Deed?

Say you have one parent who has passed away, and you’re thinking of adding your name to the deed. Is that a good idea if the house is paid for? What if they had a revocable trust, and you as the child are the sole beneficiary and power of attorney for them? What happens if […]

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When is a Living Trust More Appropriate than a Will?

At this point, we’ve discussed the basics of both living trusts and wills, but is there ever a time when one is more appropriate than the other? The truth is that the answer to this particular question varies from state to state—what works in one place may not work in another. Some states may be […]

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What is an Advance Directive?

When it comes to the law, there are a lot of different words and legal jargon that gets thrown around. Oftentimes this language can go straight over the heads of all the people who didn’t spend years learning what they all mean. One of those legal terms that you may be unfamiliar with is “advance […]

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What if my Power of Attorney Dies?

So, you’ve gone through the legal work and you now have a power of attorney. That’s fantastic! But then something happens and suddenly your power of attorney agent has passed away. You may be wondering something along the lines of— “Well, what am I supposed to do now?” And if that’s the case, fear not! […]

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Does Power of Attorney Expire?

Previously, we’ve discussed power of attorney and what it allows, but what we didn’t cover was whether or not it actually expires. If you’ve had questions about just that particular subject, then hang on, because they’re about to be answered. When it comes to power of attorney, we know that it is granted to an […]

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Is My Power of Attorney Adequate?

Making sure you have a Power of Attorney that is secure and well-drafted will make it easier for your Power of Attorney agent to protect and preserve your assets against any costs of long-term care or nursing home stays. However, a lot of POA documents that are signed by elders are inadequate, and as such, […]

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How to Terminate a Guardianship

If you wish to terminate a guardianship, a court hearing is needed in most cases. Anyone, be they relative, guardian, or subject of the guardianship, can file the papers and ask a judge to figure out whether or not a guardianship is still needed.  There are several reasons one might consider terminating the agreement, such […]

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Guardianship vs. Power of Attorney

A lot of legal terms may sound similar to one another or do similar things, but there can be some key differences between them. One example of this is Guardianships and Power of Attorney. So what’s the difference between them? In a power of attorney, a senior can appoint his or her power of attorney, […]

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