How often do you think about retirement planning and securing the future for your family and loved ones? A crucial aspect of securing your family’s future is facing the uncomfortable and difficult issues surrounding aging. As we get older and into retirement, creating a legal plan that delegates authority over your personal and financial affairs takes on greater importance. Ultimately, there may come a time when you will need a person to make vital decisions for you. Are you prepared? An East Bay durable power of attorney lawyer can help you.
In times when the inconceivable health crisis has occurred and you are unable to manage your affairs, you will need a plan. A Durable Power of Attorney is a document that provides a person of your choosing the legal power and authority to act on your behalf to make financial or health related decisions for you. The person or entity you choose to place your trust in is referred to as your “agent” or “attorney-in-fact.” The “durable” designation in a power of attorney signifies that the power of attorney promptly goes into effect and remains legally binding if you become mentally debilitated. The crucial component to durable power of attorney is the fact that the document is in effect during the time a person is mentally competent and after the person becomes mentally debilitated.
Unlike the durable power of attorney which goes into effect immediately, a power of attorney does not go into full effect until you are determined to be mentally debilitated. The following questions should be carefully considered before making your decision.
In a durable power of attorney you have a serious choice to make when choosing your agent. Just as important are the choices you make for the powers that you will grant your agent. You have the ability to customize and choose the powers you wish to include in your durable power of attorney. The following are just a few examples of powers you could include.
Our law firm takes great pride and satisfaction in providing the same high quality legal representation offered at large San Francisco law firms, but with the personal services and cost effectiveness of a smaller, boutique law firm.
Contact the Law Office of Thomas C. Tagliarini Attorney At Law by phone at (510) 444-0692 or email for a free consultation with an East Bay will dispute lawyer. We serve Oakland, San Francisco and the surrounding counties of Alameda, Contra Costa, San Mateo, Santa Clara, and Marin.