Some people simply are not able to manage their own financial affairs. For these people, there are a number of courses of action, depending on the mental state of the person and the laws of the home state. A popular choice is to obtain a power of attorney, which is a notarized, revocable document allowing you to handle a specific matter or a wider range of affairs. It can involve one or more than one person, but if they are required to act together, getting consensus on how to handle your affairs will, undoubtedly, prove to be irritating and infuriating at times.

Contact the nearest Estate Planning Lawyer and obtain a free case evaluation.

There are three types of power of attorney:

• (1) a durable power of attorney that remains in effect during incompetence or other disability;
• (2) a standby power of attorney that is triggered when there is an incapacity to manage affairs; and
• (3) a temporary power of attorney that generally applies only if an emergency arises.

A Guardianship may also be used. The guardian, a relative, friend, or heir, can be appointed by the court to handle your affairs and well-being.

Contact the nearest Estate Planning Lawyer and obtain a free case evaluation.

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An Estate Planner can also assist all other possible estate planning law concerns.

If you are in need of an estate planning lawyer specializing in wills & estate planning, contact us. Let us help you with your legal concerns.