Financial Power of Attorney
A financial power of attorney lets you pick someone you trust, called an Attorney-in-Fact, to handle your money and property if you are unable to do so. This person can pay your bills, manage your bank accounts, and take care of other financial tasks for you.
● A Durable Power of Attorney allows you to appoint a person or people to handle your financial matters in the event you are unable to handle your own affairs.
● A Durable Power of Attorney helps to avoid the need for Probate Court proceedings in the event you do become incapacitated and cannot handle your own finances.
● Durable Powers of Attorney are a useful tool for avoiding Probate Court, court costs, and attorney fees.
● Durable Powers of Attorney are also helpful in making sure that the individual(s) you designate to act on your behalf are appointed rather than having the court appoint someone for you, who could be a stranger to you and your family.
Peace of Mind
Knowing that someone you trust will handle your finances can give you peace of mind. This means you don’t have to worry about who will take care of things if something happens to you.
Avoiding Legal Complications
Without a power of attorney, your family could have to go to court to get the right to make decisions for you. They may also be restricted from legally managing your financial affairs as you would have wanted. This court process can be expensive and time-consuming. Often times a power of attorney can prevent this.
For a free initial consultation about your Powers of Attorney needs, call (586) 803-8430 or use our contact form to arrange a meeting.