Legal

The Benefits of Having a Power of Attorney

0

Life is full of surprises — both good and bad.

The only way to handle the bad surprises in life is to be prepared.

That is where a power of attorney in Ocean County can become a handy tool.

You do not have to be sick or old to have one lined up.

You can even set one up for your children, so you know they are protected.

There are many different types of power of attorneys, making them great for any situation you may face.

Read on to learn what a power of attorney is, the key benefits of setting one up, and how to find the best person to help you get a power of attorney in Monmouth County.

What is a power of attorney?

A power of attorney is a document that legally allows the person you select to act on your behalf.

Power of attorneys are typically used by the elderly but can also be used by anyone who wants to be prepared in case they can’t make their own decisions.

When you set up a power of attorney you first select someone that you trust to put as the decision-maker, or agent.

There are different types of power of attorneys that you can get — durable, nondurable, limited, general, and springing.

A durable or springing power of attorney allows you to set a time frame or event that tells when the power of attorney takes effect or ends.

Non-durable power of attorneys allow your agent to have authority until you become incapacitated.

If you want your agent to only be able to control certain aspects of your life, like only medical or only financial, then a limited power of attorney is good for you.

Key benefits of having a power of attorney

Having a power of attorney has several benefits.

The main one is giving you peace of mind that your affairs are properly taken care of when you can’t make your own decisions.

If you fall ill or have an accident without a power of attorney your family or a friend may have to go to court to be granted guardianship over you.

This could cost you and them time and money.

Financial power of attorneys are good as a short-term solution for people who are deployed over-seas.

It allows your agent to pay your bills, sell property, and handle other business that you cannot do from afar.

Finding the best attorney to help you

When you are ready to set up a power of attorney do your research to find the best attorney to help you.

Ask family, friends, and neighbors who they would suggest.

Search only for people who specialize in making power of attorney in Ocean County.

Ensure that they have the proper knowledge, experience, licenses, certifications, and training to handle your case.

Look at the testimonies from their previous clients to see what their experience like.

Talk to them about the type of power of attorney in Monmouth County you want.

Discuss your assets and wishes.

Always make copies of your power of attorney — at least one for you, one for your attorney, and one for your agent.

Once you have set up your power of attorney you can rest assured that if anything happens you will be properly taken care of.

Gabriel

How your bankruptcy attorney protects your assets during filing?

Previous article

Last Will and Testament and Probate

Next article

You may also like

Comments

Comments are closed.

More in Legal