Powers of Attorney

Personalized Estate Planning Services - (972) 200-3078

If you are incapacitated, who will step in to make decisions and look after your financial interests? If you have designated a representative, you can rest easy that you have someone that can take care of these matters. You are able to grant powers of attorney to a trusted friend or family member, but there are some steps that must be taken to ensure that your wishes will be honored. Our Allen estate planning lawyer at the Law Offices of Dan Chern, P.C. can help you make the necessary arrangements.

Don’t hesitate to make arrangements today. Contact the Law Offices of Dan Chern, P.C.

We can help you gain peace of mind and plan for your future. Our team is available to help with all of your estate planning needs. Whether you need to create a revocable trust or grant powers of attorney to a representative, you can trust that we will offer you one-on-one client service and that we will strive to understand your desires. Our Allen estate planning attorneys are committed to your satisfaction.

What Is Powers of Attorney?

Powers of attorney is a legal document that grants permission to a trustworthy individual to make financial decisions on your behalf. You must select your representative and sign the document while you are mentally capable of making the choice. Your representative is granted the power to make these decisions in the event that you are incapacitated, to ensure that your financial needs are managed by someone you are confident will look after your best interests.

Durable vs. Non-Durable Powers of Attorney

There are two different powers of attorney that may be arranged. If you are incapacitated, your representative may lose their privileges if you have granted them non-durable powers. If you intend for your representative to retain their privileges in the event of your incapacitation, you will need to grant them durable powers of attorney. This can be a more complicated and time-consuming task, but is well worth the security it can bring. Powers of attorney are automatically terminated upon your death, so be sure that you also arrange for a trustee or executor of your estate.

How to Grant Powers of Attorney

Once you have selected your representative, you will need to complete the process to ensure that they are legally recognized. Your estate planning lawyer can help you ensure that your choice meets all the legal requirements for your state, and can help you complete any necessary forms. You will need to have your decision put into writing, witnessed, and notarized to be considered legally binding.

The Law Offices of Dan Chern, P.C. Can Help You

Your choices should be honored, and ensuring that they are legally binding is critical. Our team of Allen estate planning attorneys is available to assist you with your planning needs. We offer more than 25+ years of combined experience, and we are prepared to address your concerns. Let us be your advocate with our tailored and caring client service.

Why wait to ensure your wishes are honored? Contact the Law Offices of Dan Chern, P.C. today by calling (972) 200-3078.