1. Status: Passed by both houses of General Assembly. Bill has not yet arrived at Governor’s Office (as of May 17, 2010). Re-writes the entire act, except for the enactment clause.
2. Effective Date: July 1, 2011. Makes it clear that the changes to the statute made by the 96th General Assembly do not affect the legality of prior instruments.
• Many questions. Should we start using the new forms now? Why not?
• What do we do about existing POAs. Now, don’t have to change them. But, are the changes better for the client?
• Strictly from the marketing perspective, it might be a good idea to contact clients to come in to the office for counseling about updating their POA.
Please see full summary below for more information.
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Published In:
Health Law Updates, Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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