Under Pennsylvania law, the proper terms for the persons in charge of your Estate Planning documents are called your “fiduciaries” and I refer to these people – those in charge – as the “Bosses.” Each boss has powers, and these powers can be summarized very simply.
Pa Estate Law – Powers – Summary
Agent (under a Power of Attorney) can help manage all of your affairs.
Surrogate (under an Advance Directive for Health Care) can execute your end of life decisions.
Executor (under a Will) can administer your Estate.
Trustee (under a Trust) can monitor and manage your Trust.
Pa Estate Law – Powers – Note
Again, and although a technical knowledge of the parameters of these various powers can be useful, it is not the point of this article. The focus is to illustrate that an Agent, a Surrogate, an Executor, and a Trustee can generally possess broad powers to act for you under that respective document.
• • •
This article, which I published in the The Pennsylvania Law Weekly in the Spring of 2009 (with a few minor changes) is still relevant today. You can also review this article in the series of posts that have been – and will be – published in this blog.
Pa Estate Law – 1 – Overview
Pa Estate Law – 2 – Planning
Pa Estate Law – 3 – Taxes
Pa Estate Law – 4 – Fiduciaries
Pa Estate Law – 5 – Powers
Pa Estate Law – 6 – Traits
Pa Estate Law – 7 – Documents
Pa Estate Law – 8 – Pointers
• • •Leave a Comment