The Importance of Durable Powers of Attorney
Having an effective Durable Power of Attorney (DPOA) in place for either or both financial and health care decisions makes clear designations of who a you want to take make those decisions on your behalf should you be unable to do so on your own.Where an ordinary Power of Attorney terminates if you become incapacitated, a Durable Power of Attorney can either spring into effect or remain effective if you become incapacitated and are unable to make your own choices.
The value of having this in place is to avoid an otherwise expensive guardianship proceeding that would otherwise be required in its absence and help alleviate tensions that often arise between family and friends holding differing opinions, adding stress to an already stressful situation. Save your loved ones from having to engage in the guardianship process and talk to one of our qualified attorneys today.
Financial vs. Health Care Power of Attorney:
Financial DPOA: Gives a designated person the authority to make legally binding financial and property related decisions on behalf of yourself.
Health Care DPOA: Gives a designated person the authority to make health care decisions on your behalf when you are not able to do so yourself.
Clients should prepare these legal documents long before having to actually navigate these difficult aspects of life and can always make changes should the need arise along the way. This is important because at the time of signing, you must be capable of making decisions for yourself. If you wait until that time, such as the early onset of alzheimer's or dementia it may be too late to execute a valid DPOA.
Like a Trust, a Durable Power of Attorney can be written so that the transfer of responsibilities occurs immediately. Conversely, the document can state that the DPOA powers spring into effect only when you become incapacitated.
We charge fees through flat rate packages based upon what we mutually determine is necessary to effectively achieve client goals. After our initial consultation, we will lay out a package that meets the individual’s needs and determine a fee based upon that package. There are no surprise fees and no unnecessary maintenance fees. After we finish building a testamentary package we will deliver it in a neatly organized and tabbed binder along with some complimentary additional lists and forms that we have found oftentimes get overlooked and make the estate administration, also known as probate, process easier for your loved ones to manage.
We offer a free consultation to first assess what instruments or services will best fit a client’s situation without overdoing it and incurring unnecessary costs or administrative burdens. Many firms offering will and trust services recommend wholly unnecessary instruments that require constant maintenance to keep effective. At Gravis Law, PLLC, we want to ensure that your goals are achieved in the most simple, economic, and efficient way possible. To get started, submit your information in the form below and we will contact you shortly.