Power of Attorney
A power of attorney is the written legal right, or power, given to another person (the attorney in fact) to act on your behalf. The extent of this authorization depends on the powers granted to the 'attorney in fact' by the person for whom the 'attorney in fact' is acting.
A power of attorney authorization can encompass a broad range of acts or can be limited to one specific act.
The authorization will remain in force until either 1) the death of the grantor, 2) the fulfillment of the act identified in the authorization, or 3) the grantor expressly terminates the power.
While a power of attorney may exist for an extended period, it should be updated frequently since some institutions like banks, mortgage lenders, hospitals, government entities, and many others may not honor them if they are over a year old.
We all hope that we will never become incapacitated and will always be in a position to make our own medical decisions. Unfortunately, this isn't always the case, and having a comprehensive estate plan in place will ensure that even if you are incapacitated, your wishes for your medical care are still followed. The advanced healthcare directive and the HIPAA authorization are two key documents that make it so you can make those decisions long before anything happens to you.
We will prepare a legal document to provide clear instructions on what should happen to all your assets according to your wishes after death. It can prevent family feuds over property and other finances.
Our professional team will ensure that a pour-over will is in place to capture any assets that are not included in your living trust or that weren't transferred initially. It's always better to play it safe and make sure everything is handled accordingly.
We'll guide you in choosing a power of attorney (POA) and explain what legal decisions can be made by the person assigned. It's the best way to protect your finances, property, or medical care.
If something should happen to you and you can no longer make decisions, you'll want to make sure that somebody has your best interest at heart and follows your instructions for any healthcare needs. Our team will create the legal healthcare documents needed to give you peace of mind.
This includes Revocable Living Trust, Irrevocable Trust, Testamentary Trust, and Special Needs Trust.