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Sound Estate Solutions For The Elderly And Disabled

At Faith Law, PLC, in Goodyear, Arizona, we draft powers of attorney for reasonable flat fees. When you create a power of attorney, it empowers another person to make important decisions affecting your health and financial well-being if you are unable to do so.

To learn more about powers of attorney and how they may be able to help you achieve your goals, call Faith Law, PLC, at 623-806-8994.

What Does A Power Of Attorney Do?

When you sign a power of attorney, you (the grantor) give another person (the agent) the power to make decisions on your behalf. A financial power of attorney enables the agent to engage in financial transactions, including the sale and purchase of real estate. With a medical power of attorney, the grantor gives the agent power to make decisions about the type of health care services the grantor should or should not receive. A medical power of attorney comes into effect only if the grantor becomes unable to make health care decisions or is unable to communicate his or her wishes.

When someone creates a medical power of attorney, that person often creates a separate living will that states in general terms the types of health care the grantor wishes to receive or not receive when faced with a terminal condition.

General And Limited Powers Of Attorney

A power of attorney can be all-encompassing (general power of attorney), permanent (durable power of attorney) or restricted in scope and duration (limited power of attorney). You can also establish a power of attorney that takes effect only when a specified event occurs (springing power of attorney).

Our lawyers have comprehensive knowledge of these documents and can recommend a solution that enables you to achieve your goals.

Financial Power Of Attorney In Emergency Situations

Our lawyers can act quickly when a crisis occurs. For example, what if an elderly parent becomes unable to make rational decisions concerning his or her finances? What if a loved one has fallen prey to a fraud scheme? Can that person be trusted to exercise good judgment in the future about his or her financial affairs?

You might want to consider obtaining a conservatorship. However, getting a conservatorship takes time and requires a court hearing. In the meantime, your loved one’s life savings could be in jeopardy. On the other hand, a financial power of attorney can take effect immediately and costs less than a conservatorship.

Both a financial power of attorney and a conservatorship have advantages and disadvantages. A lawyer at our firm can review your situation and help you make the right decisions concerning these and other estate law matters.

Contact Our Firm

To schedule a consultation about powers of attorney or other estate planning needs, call Faith Law, PLC, at 623-806-8994 or contact us online.