A Malvern Estate Attorney Explains Impact of Move on Power of Attorney
When you move to a new state, the laws of that new state may necessitate changes to your estate plan. See our article covering how your estate plan may change when moving to a new state [Insert Link to Moving to a New State | Your Estate Plan Could Change] for details about how moving may impact enforcement of your will and how assets may transfer to your spouse. But there are other important considerations when moving to a new state, too.
One part of a good estate plan is the creation of a power of attorney document granting someone right to manage your assets or estate. A power of attorney is different from a living will, which relates to healthcare issues, although both may be part of the same document.
The big difference is a living will allows someone to make healthcare choices for you, while a power of attorney allows someone to do things like sell your house, sign contracts, etc. Creating a power of attorney may be a relatively straightforward process with the help of a Malvern estate attorney.
However, different states may have different rules. Although power of attorney documents may be considered valid and enforced even if created in a different state, some institutions may not automatically recognize them as valid and enforceable. This could necessitate court involvement.
To avoid such delays, contact a Malvern estate attorney whenever you move to the Pennsylvania area. You can easily complete new power-of-attorney documents that comply with the requirements of your new state to help avoid any complications.
For help with estate planning, contact Unruh, Turner, Burke & Frees at (610) 240-0750.
