The key difference is when they can be used. durable power of attorneyīoth types of POA grant similar authority. The same individual can be appointed as a durable power of attorney and executor, if desired. Since a will becomes effective after death, the individual assigned as the executor of the will takes over. Once the individual passes away, the durable power of attorney authorization and responsibilities cease to exist. A durable power of attorney also gives you power over filing the respective individual’s taxes, applying for government benefits for another and managing their payments and bank accounts. Many families assign a durable power of attorney to protect elderly or cognitively impaired loved ones.Ī durable power of attorney can extend authorization to all pertinent areas of one's life, including medical and financial decisions, after an individual is unable to act on their own behalf. If the POA is deemed durable, the POA remains in effect if the person granting the authorization becomes incapacitated.ĭurable powers of attorney are set in motion to protect people in case of a medical emergency or other situations where an individual is incapable of making a sound decision or choice. We serve clients throughout Butte County, and have since 1966.A power of attorney (POA) is a legal document authorizing an individual to handle specific matters, such as health and financial decisions, on the behalf of another. You can also reach us via our website contact form. We will walk you through every step in creating your plan. Call 53 today and make an appointment to create your own customized powers of attorney. The father and daughter team of Raoul and Danielle at the Law Office of Raoul J. The Best Time To Create Power Of Attorney Documents Is Todayĭon’t wait for an emergency to put these documents in place. We will ensure that all of your documents are completed in order and appropriately shared (with your designated person, spouse and medical provider), and securely filed. We can discuss with you how these documents pertain to your specific situation and how to choose and designate a person. Having a power of attorney in place is one of the most economical tools a client can sign to ensure the person of your choice has the authority to manage your affairs. Creating Your Power Of Attorney Documents A conservatorship is a meticulous process that requires both time and money. With these documents in place, your loved ones can provide immediate assistance without having to petition the court for a conservatorship. Also known as a health care proxy, this person will be able to make decisions regarding your medical care if you are unable to. ![]() You also want to appoint someone with a health care power of attorney. This person will be able to manage your finances if you are unable. This is why you want to appoint someone with a financial power of attorney. But, the reality is that tragedy can strike anytime and at any age. Over the years, we have seen many people wait until they become ill or are of advanced age before considering these most valuable documents. Power Of Attorney Documents Can Help You Avoid A Conservatorship Let us provide you with peace of mind by allowing us to create a plan to meet your long-term needs. LeClerc, we have decades of experience with California POA documents. ![]() This is the point of planning, to prepare for every contingency. Why?īecause these two legal documents allow you to appoint someone you trust to make health care decisions and/or manage your finances in the event you are incapacitated or unable to do so. Is an estate plan complete without durable powers of attorney (POA) for health and finance and an advance health care directive? After over 50 years of estate planning, we do not believe it is. Who Will Make Decisions For You If You Become Unable? Understand Your Powers Of Attorney Options.
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