A power of attorney is one of the most commonly used legal documents, primarily because of its many uses. The concept behind a power of attorney, or POA, is simple. A Principal grants an Agent the authority to act on behalf of the Principal in legal matters and transactions. The extent of the authority granted to the Agent depends on the type of POA created by the Principal. If you are the Agent under a POA you may wonder if there are limits to the authority you have as an Agent. For example, … [Read more...] about Can I Use a Power of Attorney for Social Security?
No one likes to consider the possibility of becoming disabled; yet, the odds of it happening are probably higher than you realize. Studies show that a 20 year old today has a one in five chance of becoming temporarily or permanently disabled prior to reaching retirement age. Whether it is because of a serious workplace accident, a devastating illness, or a tragic car accident, the reality is that you could become disabled tomorrow. Both the Social Security Disability Insurance, or SSDI, program … [Read more...] about Free Report: Assistance for the Disabled – Understanding SSI and SSDI
Did you know that your Social Security can be reduced because someone else owes money to the Federal government? No, I'm not talking about someone not paying their fair share of Social Security withholding and the system going broke. You might have your Social Security reduced because of someone else's student loans. If you ever cosigned a student loan for someone else, such as a child or grandchild, then you are responsible for that loan. In most circumstances, the Federal government will not … [Read more...] about Unpaid Student Loans