Powers Of Attorney Can Ensure That Your Wishes Are Observed
As you age, you may need help managing your affairs. There may come a time when an impairment or disability prevents you from making your own health care or financial choices. In such a state of incapacitation, you want your major decisions to be made by someone you trust, and only proper planning can ensure that.
Creating a power of attorney can give you peace of mind. At Ritigstein Law, we can help you create documents that solidify your medical and financial choices. Our firm has an extensive background in assisting Haddonfield clients with their estate plans, and we can assist you in adding this critical component to yours.
A Pre-Emptive Maneuver That Can Be Of Great Help To Your Loved Ones
If you become mentally incapacitated, the absence of a power of attorney can be a burden on your family. Without this document, they will need to navigate the expensive and time-consuming process of establishing guardianship. Crafting a power of attorney now can potentially spare them of that stress. A power of attorney can also suit your specific needs, as they come in several different forms, including:
- General power of attorney: This gives a broad range of permissions to your designated attorney-in-fact. Because of the all-encompassing nature of a general power of attorney, it can only be granted while you are competent enough to surrender control, and it becomes void if you are mentally incapacitated.
- Springing power of attorney: A springing power of attorney will take effect only after you have become incapacitated. While this serves a specific timing purpose, establishing a moment of incapacitation can sometimes be problematic.
- Limited power of attorney: A limited power of attorney will have a determined point of expiration and will only allow for certain actions. These can make sense in instances of temporary incapacitation.
- Durable power of attorney: This type of power of attorney takes immediate effect when signed, and allows your attorney-in-fact to make your medical and financial decisions.
The assistance of an experienced lawyer, such as ours at Ritigstein Law, can prove valuable when deciding the correct power of attorney for you. We proudly provide an assortment of prudent estate planning services for New Jersey residents and their families.
A Legal Professional Can Assist You With Your Estate Plan
For more information regarding powers of attorney or other facets of estate planning, call our firm today at 856-375-1473. You can also contact us by email to arrange for your free 30-minute consultation.