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Candice N. Aiston

  • Aiston Law LLC
  • 2164 NE Broadway
  • Portland, Oregon 97232
  • (503) 235-5150
  • Candice@CandiceAistonLaw.com

Aiston Law LLC

  • At Aiston Law LLC, we help families who want to make things as easy as possible for their loved ones in life and in death. As a Mom, I know that parents want to preserve their hard-earned wealth, but that we want to pass on so much more than material wealth! We want to make sure that our kids are always with the right people, that they have everything they need to pursue their dreams, and that they know what our values are and how fiercely we love them. As a Future Retiree, I know that we all want to have worry-free golden years where we can enjoy travel, recreation, and spending time with our kids and grandkids. As a Daughter, I know that adult children worry about their parents, and want to make sure they will have the care they need in their elder years. Worrying about these things can be overwhelming, but you deserve peace of mind, and we’re here to help you to get it.

Disclaimer

  • The information in this blog is not legal advice, and your use of it does not create an attorney-client relationship. Any liability that might arise from your use or reliance on this blog or any links from this blog is expressly disclaimed. This blog is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. Candice N. Aiston is licensed to practice law in the State of Oregon only. In accordance with rules established by the Oregon Rules of Professional Conduct, this web site must be labeled "advertising." It is designed to provide general information for clients and friends of the firm and should not be construed as legal advice, or legal opinion on any specific facts or circumstances.
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January 02, 2009

Warning about Powers of Attorney

When you give someone "Power of Attorney," it is a powerful tool that can be used to protect your assets, but in the wrong hands, it can also be an incentive to steal.  That is why the AARP is pushing for states to adopt legislation making greedy agents liable for damages that occur when they abuse their power.

My advice is:

1) Do not give someone Power of Attorney unless you completely trust them;

2) Consult an attorney to help you draft the document so that it protects your interests; and

3) Keep most of your assets in a Revocable Living Trust with a successor Trustee named, so that the person holding Power of Attorney only deals with small accounts.

Posted at 10:17 AM in Caring for Elders, Peace of mind, Powers of Attorney, Scams and Scandals |

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