A Power of Attorney grants one person the ability to take care of particular matters for another individual. You may want to appoint someone as your Power of Attorney in the event an unexpected illness or accident leaves you incapacitated.
There are various ways to draft one of these documents in order to meet your particular needs. Before selecting someone as your POA, contact a Woodstock Power of Attorney lawyer at our firm. Our experienced team of attorneys at Nelson Elder Care Law can explain the different types of POAs and determine which option would be best for you.
Several types of Power of Attorney exist. POA can be Springing, Durable, General, or Limited and each serve a different purpose.
A Springing Power of Attorney is one that does not become effective unless you become incapacitated. If you choose to create one of these Power of Attorney documents, our Woodstock attorneys can help you detail under what circumstances you want it to go into effect.
Durable Power of Attorneys will become effective immediately and remains in effect until your eventual passing. It is possible to revoke this Power of Attorney so long as you are mentally competent to do so.
General Power of Attorney provides another person the ability to act on your behalf in everyway except for making medical decisions. This could include paying taxes, managing real property, or controlling a business.
A Limited Power of Attorney, also referred to as a Special Power of Attorney, will allow another person to carry out only certain specified tasks. They can also allow a person the power to perform specific tasks for only a set period.
If you do not create a Power of Attorney, your family may have to file for a Conservatorship and appoint someone to handle your assets in the event you become unable to do so yourself. One advantage of creating a Power of Attorney is that you can select the person you want to represent your interests.
Most often, people choose a trusted family or friend. While it is important to choose someone you trust, you should also consider the person’s experience with finances and stress management. Just because someone’s motives are pure does not mean that they have the necessary skills or education to work in your best interest.
Setting up a Power of Attorney can provide you with some peace of mind, and it can help your family handle tough decisions down the road. Our attorney in Woodstock can help you draft a Power of Attorney document that meets your and your family’s needs.
A Power of Attorney is an essential aspect of an Estate Plan. Preparing these documents can protect you and help your loved ones understand how to handle your affairs.
As there are various options for drafting these documents, it is important to work with our experienced team at Nelson Elder Care Law. A Woodstock Power of Attorney lawyer at our firm can work with you to draft a document that will meet your needs. Call today to schedule a consultation.
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I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
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