Powers of Attorney

If you have previously done estate planning, you have probably given your spouse a Durable Power of Attorney to handle your affairs. In the divorce context, Durable Powers of Attorney are loaded guns. There have been numerous instances where estranged spouses have used such Durable Powers of Attorney to transfer their spouse’s assets to them, take out loans in the name of their spouse, etc. If you have given your spouse a durable power of attorney, you should consider revoking it immediately so that it cannot be used in an unintended fashion. Check with a qualified estate planning attorney to make sure you follow your state s rules for revoking a power of attorney. In most states, banks and other third parties can rely upon a power of attorney unless they have notice that it has been revoked. If you are concerned that your spouse may attempt to use the power of attorney without your permission, you should consider notifying all your financial institutions that the power of attorney has been revoked. It is often a good idea to record the revocation in the public records.



Suggested Reading
Divorce & Money: How to Make the Best Financial Decisions
This book is a practical guide to evaluating assets during divorce. It explains how to determine the real value of marital property including houses, businesses, retirement plans and investments and how to negotiate a settlement that is fair to both sides.

Authors: Violet Woodhouse & Dale Fetherling


Related Article Archives
Financial Planning & Divorce
Property & Debt Division
Property Valuations
Insurance & Divorce
Premarital Agreements
Private Investigation
Tax Aspects
    All Article Archives

Related Categories
Divorce, Dollars & Debt
Divorce Financial Planning
Divorce Negotiation
Insurance & Divorce
Pensions & Divorce
Surviving Divorce
Taxes & Divorce
    All Categories
Related Forums
Financial Aspects
Property & Debt
Tax Aspects
    All Forums

Resources & Tools

Bookstore Promotion Discount

Start Your Divorce Online Start Your Divorce
Several Options to Get Started Today.
Divorce Tools Online Divorce Tools
Keeping it Simple to Get the Job Done.
Divorce Downloads Download Center
Instantly Download Books, Guides & Forms.
Divorce and Custody Books Discount Books
Over 100 of the Best Divorce & Custody Books.
Negotiate Online Negotiate Online
Settle your Divorce and Save.
Custody and Support Tracking Custody Scheduling
Make Sure You Document Everything.
   
DEATH IS NOT OPTIONAL-- Death comes to everyone. Making a will is an understandably easy decision to postpone because most people do not like thinking about their own mortality.

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code:

 

Featured Book Fair Share Divorce for Women

Fair Share Divorce for Women

Fair Share Divorce for Women

 

Featured Download Life Insurance and Divorce

Life Insurance and Divorce

Life Insurance and Divorce

Start Reaching Potential Clients Through Divorce Source. Learn More


Limited Offer Women's Rights Manual For Divorce
Cover Price: $55.95
Your Price: $29.95
You Save: $26.00

"The Absolute Best Investment in Your Divorce"

Men's Rights Manual For Divorce
Cover Price: $55.95
Your Price: $29.95
You Save: $26.00

"Uncover Your Options and Unleash Solutions"