Naming A Trusted Individual To Handle Financial Matters
Have you thought about who will make financial decisions and carry out transactions for you in the event you become incapacitated? A financial power of attorney gives you the power to appoint a trusted person (called an agent) to handle financial matters for you in the event a medical condition or disability prevents you from doing so for yourself.
At The Law Office of Stuart A. McKenzie in Huntington Beach, I have more than 35 years of experience handling complex estate planning matters, including financial powers of attorney. I can help you establish legal plans that protect your finances in the face of an uncertain future.
What Designating Financial Power Of Attorney Accomplishes
A power of attorney can be as broad or narrow as you want it to be. Duties assigned to the agent may include:
- Making banking transactions
- Signing tax returns
- Managing investments
- Managing real estate
You decide how much responsibility your agent will have. In establishing a power of attorney, you also decide when you want the agent’s power to begin and end.
Durable Powers Of Attorney
There are different types of powers of attorney, including the conventional power of attorney, the springing power of attorney and the durable power of attorney. The durable power of attorney is a popular option because, as its name suggests, it lasts from the moment it is signed until the principal’s death, or until the principal decides to cancel it.
I will help you explore all of the options available to you, and create legal documents that are aligned with your needs.
Contact My Law Firm For Estate Planning Services
If you have questions about financial powers of attorney in California, I am here for you. Contact my law office online or by telephone at 714-975-8396 to arrange a consultation with an experienced estate planning lawyer.