![]() Signing Requirements – Must be acknowledged before a notary public or other authorized individual.This form, once executed by the principal, grants the agent power over all financial matters even in the event the principal dies or becomes incapacitated. The agent should be a trusted individual who will act with the principal’s (and their family’s) best interests at heart.ĭurable (Financial) Power of Attorney – A legal instrument designed to hand over control of a principal’s financial affairs to a financial agent. ![]() A financial agent becomes invaluable particularly when the principal is unable to make important decisions for themselves. ![]() The agent’s position is effective immediately unless stated otherwise in the Durable (Financial) Power of Attorney. This guide can be helpful while planning one’s estate however, it is highly recommended that legal counsel is sought out before proceeding.Ī financial agent, or attorney-in-fact, is the person appointed by a Principal to handle their financial affairs. Create a Last Will and Testament or Living Trust.How to Create an Estate Plan in Nebraska (6 steps) Documents such as a Durable Power of Attorney ( Financial and Medical), a Last Will and Testament, and a Revocable Living Trust are integral parts of an estate plan and will be explained in more detail below. Death is unavoidable, and becoming disabled is unpredictable, but being prepared for these unfortunate occurrences is something that can and should be done before it’s too late. An estate plan is a procedure involving a collection of legal instruments and forms that provide instructions to a person’s agents, representatives, family members, and other involved parties regarding that individual’s personal affairs. A Nebraska estate planning checklist is an organizational form for anyone working on their estate plan.
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