A person with a fiduciary responsibility, meaning the obligation to put the client’s interests first, can be an alternative when choosing a person to monitor the accounts.
It’s important to have paperwork in place, including durable financial and medical powers of attorney along with living wills, health care directives and convenience accounts.
Picking the right person — or persons — to manage your affairs when you can’t is a retirement planning decision to be made cautiously. Anthony Enea, a New York-based attorney who specializes in retirement-related issues and estate planning, says he’s stopped counting the number of people who choose poorly, picking someone who is nice to
Gay couples who say “I do” in New York and the five other states that have legalized same-sex marriage should also quickly consider retirement planning, because the financial implications of a same-sex partnership are more complex than they are for conventional marriages. Anna Pfaehler, a CFP with Palisades Hudson Financial Group in Scarsdale, N.Y., offers