Question 1

Estate Planning: When should I write a will?

Accepted Answer

There is no specific age or time for you to have a will written. If you have assets or property that you want to distribute in a specific way after your passing, a last will and testament will ensure your wishes are carried out.

Question 2

Estate Planning: Does a durable power of attorney allow for medical decisions?

Accepted Answer

No. A separate document called a Health Care Power of Attorney, or Advance Directive, is used instead. This document allows someone to appoint an agent to make medical decisions on their behalf should they become unable to do so for themselves.

Question 3

Real Estate Agreements: What's the different between a warranty deed and a quitclaim deed?

Accepted Answer

A warranty deed gives the buyer a guarantee that the property is free from defects or encumbrances, such as claims or liens against the property. On the other hand, a quitclaim deed transfers whatever interest the seller may have in the property without any promises or warranties about the title, and the buyer assumes these risks and is responsible for resolving them. It's advisable to use quitclaim deeds only when there is a high level of trust between the two parties.

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