Powers of Attorney to Help Elders or Secure Your Legacy
This presentation reviews powers of attorney in-depth. What would happen if you or a loved one were to lose the ability to run the rental business? A power of attorney may be needed at any stage of life, but typically these are end-of-life or estate planning tools. Attendees will learn:
- What is a power of attorney?
- How do I create a power of attorney for myself? For someone in need?
- How a conservatorship can override an invalid power of attorney.
- How to prepare to hand over a rental operation.
- Things to look for when taking over a rental operation.
- Springing vs. immediate power of attorney.
- Powers of attorney vs. managers for LLCs.
We also cover general organization, including best practices for sharing online passwords with family, budget and financial information, and rental forms.
Attendees will learn how to keep a business running even as it changes hands under difficult circumstances.
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