Power of Attorney
Estate Planning in California
Every estate plan requires a power of attorney, in which you appoint an agent to take care of your finances, bills, investments, taxes and other financial matters if you are unable to do so. If you do not establish a legally enforceable power of attorney, your family may be required to attend court proceedings, where a conservator is appointed to make important financial decisions.
At Zahn Law Office, we can assist you with your estate planning matters, including the preparation and execution of powers of attorney. Our Venture estate planning attorneys care deeply about your well-being and can work hard to find creative solutions to help you reach your goals. Call (805) 804-9100 to schedule a free consultation.
Different Powers of Attorney
We handle many different types of powers of attorney, including:
General Power of Attorney
A general power of attorney gives broad powers to an agent to act on your behalf. These powers include handling financial and business transactions, buying life insurance, settling claims, operating business interests, making gifts, and employing professional help. This is often included in an estate plan to make sure someone can handle financial matters if you become physically or mentally incapable of managing your affairs.
Special Power of Attorney
You can specify exactly what powers an agent may have with a special power of attorney. This is often used when one cannot handle certain affairs due to other commitments or health reasons. Common matters specified in a special power of attorney document include selling property, managing real estate, collecting debts, and handling business transactions.
Health Care Power of Attorney
A health care power of attorney grants your agent authority to make medical decisions for you if you are unable to make decisions on your own.
Durable Power of Attorney
If you become mentally incompetent due to illness or accident while you have a power of attorney in effect, does the document remain valid? To safeguard against any issues, you can sign a durable power of attorney, which is simply a general, special, or health care power of attorney that has a durability provision to keep the current power of attorney in effect.
A durable power of attorney could also be used to prepare for the possibility that you may become mentally incompetent due to illness or injury. You can specify in the document that it can’t go into effect until a doctor certifies you as mentally incompetent, and you can name a specific doctor (or doctors) who you wish to determine your competency.
Contact the Zahn Law Firm to Grant Power of Attorney
At Zahn Law Office, we have extensive experience helping individuals set forth their wishes through the estate planning process. In addition to power of attorney, we can help you establish a trust, a will, and an advance health care directive.
Call (805) 804-9100 to schedule a consultation and discuss protecting your assets.