A Durable Power of Attorney is another important document that everyone needs as part of their estate plan. A Durable Power of Attorney permits another person of your choosing to act on your behalf if you are unable to for any reason. This document permits the person or persons you choose to make decisions regarding your finances, taxes, the purchase and sale of property, dissipation of assets, etc. Whether you are incapacitated or unavailable for another reason, a Durable Power of Attorney is a very effective tool. Provided that you are deemed competent, you may revoke the Power of Attorney at any time.
A Springing Durable Power of Attorney is a document that goes into effect upon the determination by your doctor that you are unable to make decisions on your own due to being incapacitated or incompetent. Similar to a Durable Power of Attorney, this document permits the person or persons of your choosing to make decisions regarding your finances, taxes, the purchase and sale of property, dissipation of assets, etc. Additionally, provided that you are deemed competent, you may revoke this document at any time.
It is important that you have an experienced Estate Planning Attorney like Attorney Aaron E. Allen draft your Power of Attorney and draft it before you are deemed incapacitated or incompetent. Otherwise a loved one would have to petition the court to be declared as your Guardian or Conservator and would have to present a written statement from your doctor declaring your incompetence. That can be a time consuming and cumbersome process when decisions need to be made to protect you and your family.
Attorney Aaron E. Allen of the Allen Law Group, P.C. is a compassionate and effective Estate Planning Attorney with years of experience. Attorney Allen looks out for your best interest and that of your family and loved ones. At the Allen Law Group, P.C. Your Family Matters!
Call Attorney Allen now at (978) 219-9694 to schedule a consultation or email him directly at firstname.lastname@example.org.