Power of Attorney
A power of attorney is a legal document which allows another person of your choosing to make important legal, financial, and health decisions on your behalf. Depending on the type of power of attorney you create, this legal device can grant that power to another starting now and continuing throughout your life, or it can take effect at a later point, such as if you become mentally or physically incapacitated.
The Benefits of Creating a Power of Attorney
When you come to speak one-on-one with an estate planning attorney at our offices, we will walk you through your various options for creation of a power of attorney. Two primary issues to be dealt with are the identity of the person you would like to name in the power of attorney and the scope of responsibilities and decision-making power you would like to give that person. Many people name a trusted son, daughter, brother, sister, cousin, family friend, or business associate in their power of attorney.
The types of responsibilities and powers laid out in a power of attorney include:
- Making important healthcare decisions on your behalf (you can specify that certain decisions be made or leave it to the discretion of the named individual)
- Deciding how your business should be run should you become incapacitated
- Making financial decisions on your behalf, including how your money and savings should be spent
- Deciding how your children should be cared for if you are incapacitated
By taking the steps to create a strong and comprehensive power of attorney, you can bring a sense of security and stability to all family members, friends, business associates, and others impacted by your life.
Create a Power of Attorney With the Help of Experienced CA Estate Planning Attorneys
The estate planning attorneys at The Law Offices of Omar Gastelum and Associates, APLC, can help you create or update a power of attorney that will clearly lay out your wishes and place your care in the hands of a trustworthy person of your choosing. To discuss all of your estate planning needs, call our offices today.
