Durable Power of Attorney

DURABLE POWER OF ATTORNEY

“Tom Stone has given me both personal and professional legal advice. When my mother became ill and needed to be put in a Nursing Home, Tom gave me advice about the necessary powers of attorney that we would need to both be able to administer her affairs and protect her finances.”

-Barbara P.

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  • A Durable Power of Attorney is a legal document in which you name an individual or entity to act as your agent and attorney in fact on your behalf should you be unable to do so in the future.
  • A Durable Power of Attorney is not affected in any manner whatsoever by reason of future illness, disability or physical or mental incapacity of any kind or nature and carries on until your death.
  • A Durable Power of Attorney prepared by Stone Legal Group, PLLC provides for your agent and attorney in fact to act on your behalf in the following areas:
    • Purchase and sell real, personal or mixed property; including execution of any necessary contracts, mortgages, deeds, etc.
    • Prepare (or have prepared) any and all federal, state and local income and other tax returns.
    • Receive, deposit funds, make investments and transfers to your accounts at any bank, brokerage house, or other financial institutions; deposit, withdraw or remove any contents from a safe deposit box; and/or purchase or sale of any US Treasury Securities or US Bonds.
    • Purchase, sell, assign, transfer or set over any and all shares of stock and certificates with any companies, corporations, associations or organizations; including receipt and endorsement of any dividends checks associated therein.
    • Institute or defend in any lawsuit, either at the local, state or federal level; including negotiation, arbitration or acceptance of settlement in said lawsuit.
    • Admit into a hospital or personal care facility and to utilize funds to pay for same.
    • Clause distinctly not limiting the powers of the agent and attorney in fact, but allowing them full, complete, universal and general power of attorney with reference to any and all matters and affairs of whatever kind or nature, and to any and all property, real, personal or mixed, which you may now own or have an interest or may hereafter acquire

    Durable Power of Attorney

  • The Power of Attorney can be recorded at any time with the County Clerk and will remain valid unless it is specifically revoked.
  • You will want to pick an individual or entity to whom you have full trust that they will carry out your business as you would yourself.
  • Thomas K. Stone is a bonded Power of Attorney and has served as same for individuals throughout his career.

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Estate Planning refers to the process in which you decide and document what happens to your assets after you die.

- Do you currently have a Last Will and Testament that is in accordance with your wishes and in conformity with the Commonwealth of Kentucky?

- Do you want the Commonwealth of Kentucky to decide who should receive your estate?

- Did you know that marriage or divorce will impact your Last Will and Testament?

- If you are in a domestic partnership in the Commonwealth of Kentucky, given the current laws, your significant other is not considered an heir to your estate. This problem can be cured with a properly prepared Last Will and Testament.

- Are there children from prior relationships?

- Are there special circumstances that need attention concerning a spouse, child or significant other?

- Depending on your specific circumstances and wishes, a Trust may be the best solution for you.

- Do you have a durable Power of Attorney so that someone can act on your behalf if you are no longer able to do so for yourself in order to avoid having the court appoint someone for you?

- Do you have a Living Will/Healthcare Directive so that you are not kept alive by life-prolonging treatment and artificially provided nutrition and hydration?

Estate Planning

Having your estate planning properly established and planned out provides comfort and security in knowing that your wishes will be met once the time comes that you can no longer express your wishes.

FREE Initial Review of:

  • Self Prepared documents
  • Online Wills/documents

Did You Know?

Unlike married couples, in the Commonwealth of Kentucky there are currently NO provisions under the law for Domestic Partnerships.The Stone Legal Group, PLLC can help you protect your partner.

Stone Legal Group, PLLC
(502) 326-5550
(502) 326-5550