Here’s what we cover:
In Arizona, a parent of a minor (under age eighteen) may delegate to another person any powers he or she may have regarding the care, custody, or property of the minor child, except the power to consent to marriage or adoption of the minor.
A parent desiring to delegate his or her parental powers pursuant to this law must execute a power of attorney. A parent cannot delegate his or her parental powers by a power of attorney for longer than six months, but there is no limitation on the number of powers of attorney that they may execute. The six-month period may thus be extended by the execution of successive six-month powers of attorney.
Any parent leaving his or her child in the care of another for an extended period of time would do well to consider delegating some or all of their parental powers to the child’s temporary caregiver. By so doing, a parent may be able to avoid the consequences of Murphy’s Law (“If anything can go wrong, it will”).
The above article is an excerpt from Estate Planning in Arizona: What You Need to Know, 2nd Edition (Wheatmark, 2019), by Donald A. Loose, republished with the author’s permission.
Disclaimer: Laws change constantly. Specific legal advice should be obtained regarding any legal matter. The information contained on this website does not constitute legal advice and no attorney-client relationship is created.
7 Reasons to Update Your Estate Plan
/in Estate Planning/by Don LooseYour estate plan is not a “set-and-forget” kind of strategy. There are certain life events and circumstances that warrant your updating this important set of documents.
Why You Need an Estate Plan
/in Estate Planning, Wills & Trusts/by Leighten HendricksonPlanning for our own death is not something that tends to thrill most of us. It is difficult to face our own mortality.
What is Estate Planning?
/in Estate Planning/by Michael RuppertWhat comes to mind when you see the words estate planning?
Informal Probate – Administration of Estates Outside of Court
/in Estate Planning/by Don LooseIn many cases, probate is a quick and efficient way to transfer the assets of a person who has died (the “decedent”) to his heirs. About 10,000 probate cases are filed each year in the state of Arizona.
Special Purpose Trusts – 2 Most Common Forms
/in Estate Planning/by Don LooseA trust is a legal entity that is created and holds title to assets during the life of the person who places assets inside the trust