As the Baby Boomer generation enters retirement, these Americans will have a unique set of needs when it comes to estate planning. Many Boomers in Philadelphia have already set up their estate planning packages, but they may not be reviewing and revising those documents as their circumstances change. This is especially true in regard to durable powers of attorney.
Most married couples simply name each other as their designated proxy for health and financial matters. They assume that if one party becomes injured or ill, then the other will be the best equipped to know how to handle matters. This presumption is correct in most cases, but there are circumstances that can render both parties incapable of fulfilling that role.