In our previous post, we began looking at durable powers of attorney and how they match up to guardianships. A power of attorney is a document giving another individual the legal authority to act on one's behalf. The scope of that authority can be general or specific, limited to a particular asset, transaction or period of time. Another feature of powers of attorney is that they can be made effective immediately or upon incapacity.
In early May, attorneys for the aging actress Zsa Zsa Gabor were set to appear in court for a hearing as to whether the aging celebrity should have independent management of her finances and health care. The hearing was requested by Gabor's daughter Constance Francesca Hilton, who feels it is necessary for her to have a conservatorship, though her husband Frederic von Anhalt apparently opposes the request.
The recent death of Whitney Houston has been an occasion for the music industry to mourn one of its greatest talents. For estate planners, it has been an occasion to learn from mistakes she and her attorneys made in her own estate plan.