There are several situations in which one may need another to look after their finances. There may come a time in life where it is better for other people to make such decisions. There may also be a time where one knows that they will be incapacitated or unavailable for a certain amount of time. Regardless of the situation, a California resident can designate another through a “power of attorney.” Such an arrangement gives another power over your finances. It is important that such an authorization be set up properly. It must be defined in terms of length, scope, and other issues. It is crucial that you have an attorney help you with preparing such a document. Our Santa Anna lawyers assist with preparing financial powers of attorney. Call our office today to schedule an initial consultation. We also service Anaheim, Irvine, and the rest of Orange County.
Orange County law firm preparing financial powers of attorney for residents of Santa Ana, Anaheim, Irving, and elsewhere
There are many reasons why one may require a financial power of attorney. A person may be expecting to become infirm or otherwise incapacitated. An individual may be suffering from an illness or may simply be concerned about the effects of old age. Whatever the situation, it is important that a person’s affairs be in order before such a situation strikes. Planning ahead can help avoid infighting amongst family members and can help to ensure that the individual’s future needs are met.
Someone will be designated as an “agent” when a financial power of attorney is created. The extent of the agent’s power will depend on two things. First, it will depend on whether the power of attorney is “durable” or “non-durable.” A durable arrangement will be in place until it is revoked by the owner of the assets. A non-durable arrangement will only be in effect until a certain event occurs (such as when one is no longer incapacitated). The second issue impacting a power of attorney’s scope is the level of authority given. One may give another complete power over their financial affairs, limited authority over a single item such as a bank account, or anything in between. Retaining an attorney to assist you in creating the document can help to ensure that it is enforceable and in accordance with your wishes.
Our Orange County lawyers assist with the preparation of a power of attorney for California residents. We will use your initial consultation to gain an understanding of your finances and why it is you need to give another such authority. We will help you consider the various possibilities, point out things you may not have thought of, and make sure that various contingencies are covered. We will draft the document, ensure it is properly executed, and maintain a copy for our files. We understand that giving someone else a level of authority over your affairs is a serious decision – we will take your case seriously. Contact us today.
We service Aliso Viejo, Anaheim, Buena Park, Costa Mesa, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Tustin, Westminster, and Yorba Linda.
Santa Ana lawyers providing personalized attention to those in need of a financial power of attorney
Few things are as personal as planning for one’s future. It is important that you do not retain a firm which will bring a “one size fits all” approach. Our lawyers understand that no two cases are the same and will use a personalized approach when looking at your situation. We will develop a solution which works best for your needs, your specific circumstances, and your family. This is our promise to each and every client we represent.