Tuesday, October 9, 2012
New DPOA requirements now in effect
A reminder: The new requirements for durable powers of attorney that we wrote about here went into effect for all POAs executed after October 1, 2012. Although a POA executed before that date is not subject to the requirement, it would be a good idea to update the forms, since it can be predicted that banks, financial institutions, and other custodians of funds will insist on having that language in place before they will accept a form.
Subscribe to:
Post Comments (Atom)
Effect of the OBBB
The per-person exemption equivalent for estate and gift taxes has been increased to $15 million, and will continue to be indexed. That is an...
-
We recently posted our commentary on the use of a so-called “lion cub” deed, noting that two or more people who are granted ownership of re...
-
The Lion Cub deed is an elusive creature. It is fleetingly mentioned on the web sites of some Michigan estate planning and real estate attor...
-
On November 25, Buffett announced a contribution of a little over $1.14 billion in Berkshire Hathaway shares to three foundations managed by...
No comments:
Post a Comment