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Power of Attorney
A Power of Attorney (POA) is a document that gives another individual legal power and authority to act on your behalf. There are two types of POA's: financial and healthcare.
A durable power of attorney for financial purposes allows a designee the legal authority to act on your behalf in the event you cannot. It remains in effect until it is revoked and it automatically terminates upon death.
A durable power of attorney for healthcare, also called a patient advocate designation, grants legal power and authority to make important medical decisions for your healthcare, should you become incapacitated and unable to make such decisions for yourself.
Everyone should have these documents prepared before something unexpected happens. Without such designations, another individual cannot act on your behalf without costly legal actions in probate court to have a conservator or guardian appointed. Call Attorney Timothy A. Slais for a free consultation.
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Wills & Trusts
No one likes to think about the end of life, but having a plan and being prepared will make thing easier on you and your family when the time comes.
At a minimum, everyone should have a will. A will designates the distribution of assets to your heirs following your death. A will, however, still requires court involvement as it needs to be "probated" by the court.
A trust is another mechanism to lay out a financial distribution plan and avoid the need for probate court. Trying to navigate estate planning without an attorney can lead to a myriad of problems, and can have unintended and often undesirable consequences. You need an attorney that can help you make an estate plan that gives effect to your intent. Call Attorney Timothy A. Slais today with your estate planning needs.