When it comes to estate planning, many people focus on creating a Will or Trust to keep their affairs in order. While securing your assets is a crucial aspect of estate planning, financial affairs are equally important. You can ensure these matters will be addressed in a responsible and timely manner by preparing a Power of Attorney, which is a document authorizing someone else to make decisions on your behalf.
Health issues can sometimes prevent a person from attending to financial matters in a timely way. Accidents can happen, which may lead to injuries that diminish your physical and mental faculties. Perhaps you will be abroad for an extended stay or occupied with other business obligations, making you unavailable to sign important documents. In any of these situations, important paperwork may need to be addressed before looming deadlines.
There are different types of financial Powers of Attorney, and the terms are customized to your needs and goals. A Springing Power of Attorney would go into effect only under a contingency such as incapacity, while a Limited Power of Attorney would indicate very limited powers—usually with a specified end date.
To make sure your financial needs will be handled by a reliable and competent representative, you have to record your instructions officially through a Power of Attorney. The experienced legal team at Anthoor Law Group can guide you in the process.
Our Bay Area Power of Attorney lawyer team will help you cover anticipated possibilities that may unfold in the coming years. We can help you prepare a Statutory Power of Attorney in the event you are incapacitated.
Call Anthoor Law Group today to book a consultation with our legal team to begin.
A document appoint a family member or attorney to perform certain functions on your behalf is a useful tool to have prepared in case you become incapacitated. It can be an essential part of a comprehensive estate plan when you have important financial matters that cannot afford to be neglected.
The rest of the world keeps moving while you are incapacitated. Pressing matters such as mortgage payments or health insurance payments threaten to slip by unpaid if you do not have an arrangement in place to cover them during such times. Perhaps you have more complex financial matters tied to family or business concerns that must be addressed. By preparing a Power of Attorney, you can gain some peace of mind in knowing a plan exists to cover these important tasks.
To ensure a financial Power of Attorney will be valid, our Bay Area Power of Attorney lawyer should assist you in creating the document.
A financial Power of Attorney appoints someone to take charge of your financial affairs. This person is called an agent. They can manage your bank accounts, and depending on the extent of authority you would give, your chosen candidate could also handle your real estate and business affairs.
Having an agent appointed through a Power of Attorney ensures continuity in your business and day-to-day financial decisions. If you would suffer a stroke, for example, you could authorize an agent through a Power of Attorney to withdraw funds for the purposes of paying medical expenses and sustaining your dependents. To learn more about what a Power of Attorney can do for you, set up a consultation with our team at Anthoor Law Group.
Call (510) 794-2887 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
We respect your privacy. The information you provide will be used to answer your questions or to schedule an appointment if requested.
In the Bay Area, you need a legal team that you can trust to represent your interests and protect your rights. The attorneys at Anthoor Law Group give you the following benefits:
Sometimes an individual may not have time or energy to commit to financial matters, whether they involve personal and family concerns or business interests. A Power of Attorney can be one way to achieve a division of labor effect.
There is an opportunity cost for every action, so it can be helpful to have a trusted representative handle select financial matters while you attend to other areas of your life or your business. You may even prepare a Power of Attorney for an individual business transaction if that would be a more convenient option.
The terms of such a Power of Attorney should specify the conditions or duration of time during which the representative will be empowered to make specified types of decisions on your behalf. Our Bay Area Power of Attorney lawyer can help you create an advance directive to ensure your financial Power of Attorney will be addressed according to your needs and goals.
If you are injured in an accident or acquire a medical condition that affects your physical and mental faculties, you might not be aware, attentive, or healthy enough to make important financial decisions. While your financial affairs could be carried out through a guardianship, appointing a guardian would take time.
Designating an agent through a Power of Attorney is much easier, and it diminishes unnecessary risks. A Power of Attorney can help you and your family continue personal affairs during a time of incapacity.
Contact the team at Anthoor Law Group today to book a consultation with an experienced Bay Area Power of Attorney lawyer.
Anthoor Law Group, A Professional Corporation greatly appreciates your visiting our website. We hope the warmth, compassion, and competency of our firm has been conveyed to you. We look forward to meeting you and providing you with clarification on any family law or estate planning issues you are experiencing. Please reach out to us by phone at (510) 794-2887 or online form, and someone will be with you very soon!
Call (510) 794-2887 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
We respect your privacy. The information you provide will be used to answer your questions or to schedule an appointment if requested.
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Anthoor Law Group, A Professional Corporation a law firm, is conveniently located in Fremont, California. We are committed to providing each of our clients with the highest quality of legal representation possible.
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