About family finances, He is speaking to his parents about

About family finances

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Question

Colin is a Stanford student (he couldn't get into Berkeley), and he's home for the holidays. He is speaking to his parents about family finances and they want to talk to him about estate planning and having the proper documents in order. Colin's parents suggest having their lawyer draft a document that allows Colin to act on his parent's behalf, should he need to take any financial action if his parents are incapacitated. This would allow Colin to close an account, sell the family car, etc.

What would the lawyer draft?

Power of Attorney (POA)

Last Will and Testament Beneficiary Form

Health Care Proxy.

Reference no: EM133810908

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