Powers of Attorney
Valuable Components to an Estate Plan
A power of attorney is a document that gives a person you choose the authority
to make decisions on your behalf. If you become incapacitated, it is advised
that you have a durable power of attorney. A durable power of attorney
remains in effect if you become incapacitated and unable to handle matters
on your own. A nondurable power of attorney instantly becomes ineffective
once you lose mental capacity, which is why it is important to know which
type of power of attorney you wish to create prior to writing one.
If you do not create a durable power of attorney, and something happens
to you, your family members may have to seek a court's assistance
to elect someone to manage your affairs. As a
San Jose probate and estate planning lawyer and founder of the Law Offices of Timothy D. Henry, I have the capability
of drafting any type of power of attorney.
Medical & Financial Powers of Attorney
A medical power of attorney is one type of
advance health care directive. In a medical power of attorney, or a durable power of attorney for health
care, you choose a person to make medical decisions on your behalf if
you become unable to do so. The person you select is known as your agent,
and they will work with doctors and other health care providers to ensure
you receive the types of medical treatment you want. When you create a
financial power of attorney, you name an individual who will have the
authority to manage your finances if you become incapacitated.
Your financial power of attorney must include how much authority the agent
can have over your finances. For example, you may wish for them to complete
one task, such as selling a piece of real estate. Or, if you want your
agent to have full control over your finances, they may be in charge of
managing your retirement accounts, filing your tax forms, etc.
Contact a San Jose Probate & Estate Planning Attorney
Do you need a legal professional to help you establish powers of attorney
in San Jose? Both financial and medical powers of attorney are incredibly
important documents. They allow a person you know and trust to handle
different aspects of your life if you become incapacitated. If you wish
to create powers of attorney, or any other type of
estate planning document,
call my firm and schedule an appointment to meet with me!