People who have children from multiple marriages or other complex family relationships can use their will to ensure their assets end up where they want them to. A will can also prevent potential disputes and fighting over assets after your passing.

 

Power of attorney is usually assigned when an individual needs to be represented by another individual in legal matters. You may be assigned power of attorney by a parent so you can handle their business matters on their behalf.

 

These tools are used when an adult requires assistance with their financial matters, due to physical or mental limitations.