California Estate Planning: Durable Powers of Attorney
Helping Individuals Establish Durable Powers of Attorney in Orange and Los Angeles Counties
No one plans to become incapacitated as a result of illness or injury, yet it happens to thousands of people every year. In the unfortunate event that you become incapable of handling your own affairs, who will do it for you? California allows you to choose a person to act on your behalf in the event you become incapacitated by executing a durable power attorney. Doing so can be complicated, however, so you should always consult with an estate planning attorney about any matter related to powers of attorney or any other estate planning documents.
A Durable Power of Attorney is an Essential Part of a Comprehensive Estate Plan
Without a Durable Power of Attorney, your family may have to petition a court for conservatorship in order to make legal and financial decisions on your behalf if you become incapacitated. Your family can avoid this expensive and time-consuming process with a Durable Power of Attorney. If you’re like most people, when you think about estate planning, you think about wills, trusts, and other tools that allow you to direct the distribution of your assets. While this is certainly a part of estate planning, so is planning for a catastrophic injury or illness. A durable power of attorney allows you to do this by naming a person or people to make decisions on your behalf in the event that you become unable to do so yourself. A durable power of attorney is “durable” because it survives a person’s incapacitation, unlike a “regular’ power of attorney. A person with power of attorney can make decisions regarding:
- Finances
- Real estate
- Business
- Investments
- Taxes
- Lawsuits
- Government benefits
Call Brasov Law Today to Schedule a Consultation with an Estate Planning Lawyer
Brasov Law is committed to helping people create estate plans that protect their assets and address every possible contingency. If you have questions about durable powers of attorney or any other aspect of estate planning, call 213.948.2500 or request a consultation through the form below.
