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 Dallas 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.
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 Dallas 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 Dallas estate planning attorneys is available
to assist you with your planning needs. We offer more than 20 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.