What is better a will or power of attorney.?
5 attorney answers
Will and POA are completely different documents and serve different purposes.
You nee to consult estate planning counsel to determine what you need.
If my answer is "BEST ANSWER" and/or "HELPFUL" please acknowledge and mark it so. I appreciate your comments and feedback. I have more than 25 years of successful legal experience with cases like yours. My response is often general in nature because all facts are unknown to me. Specific answers require knowledge of all the relevant facts of your case.
Top Contributor 2021
Top Contributor 2020
Top Contributor 2019
Top Contributor 2018
Top Contributor 2017
Top Contributor 2016
Top Contributor 2015
Top Contributor 2014
The answer completely depends on what you are trying to accomplish. Different documents serve different purposes. You likely need both, and if you own a home, probably a trust as well. Use the Find a Lawyer tab to discuss your situation and get the best result for your circumstances.
It is not a question of "better" as they serve different functions as pointed out.
DISCLAIMER: Please be advised that this communication does not establish an attorney-client relationship. The information provided by WFB Legal Consulting is disseminated for educational purposes only, and is not to be construed as legal advice. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence.
You need both. The Power of Attorney is for when you are alive, and the Will is for after your death. You should also have a health care directive and probably a trust.
You need an estate plan. A power of attorney expires when a person dies. A will controls after death.
If you have minor children, own real property, or have an estate with a gross value over $166,000, you should have a trust along with a will, power of attorney, and an Advance Health Care Directive.
When the person gives you money, the person has an attorney and the attorney has a client, but not until then. Inspired by words of Abraham Lincoln