Creating a power of attorney is a vital part of the estate planning process. A power of attorney is a legal document that ensures your financial matters are taken care if you become incapacitated, disabled, or otherwise unable to manage your finances. Shapiro Law Group, PC, can help create a power of attorney that protects your finances and your assets.
Benefits of Power of Attorney
When you have a power of attorney in place, you decide who can make financial decisions for you. It becomes effective immediately when it is needed. You can also customize exactly how much control you hand over to another. By having one in place, your financial obligations will be met, as will any long term care needs you may require.
If you do not have a power of attorney and you become incapacitated or unable to handle your financial matters, the court may have to appoint a guardian. This process can be time-consuming and costly for your family or loved ones. It may also mean someone you may not want in control of your finances is appointed. Families can also contest the court’s decision, further delaying the process of having your finances managed.
Power of Attorney Preparations
A power or attorney is in your own best interest, regardless of what age you are or what your health condition may be right now. Like many other legal documents related to estate planning, it is better to have one and not need it, rather than need one and not have it. Shapiro Law Group, PC, knows the importance of a power of attorney. We will take the time to draft one that fits your particular needs and wishes. We can ensure a clearly drafted document that will minimize conflict and confusion. Our firm has the experience and knowledge needed to make sure your power of attorney fully protects your finances and estate in general. We can answer your questions, guide you through the process, and work to make sure your documents are up to date and revised when needed. Let us handle your power of attorney needs as part of our estate planning services.
The attorneys at Shapiro Law Group, PC, are ready to help you. Contact us today to set up your free initial consultation. 339-200-9933.