What is a power of attorney?
A power of attorney is a document in which the principal gives an agent (also known as the “attorney-in-fact”) power to act in the principal’s place in one or more matters, possibly including financial matters and personal care decisions.
What is a “springing durable” power of attorney?
A “durable” power of attorney is one that continues in force and effect when the principal becomes incapacitated.
A “springing” durable power of attorney is one that takes effect only on the occurrence of a particular event, most typically the incapacity of the principal.
Do I need a power of attorney?
A general durable power of attorney (along with an advance healthcare directive) is a crucial component in any comprehensive estate plan in protecting the client in unexpected situations of incapacity and assisting the trustee of any involved trusts in carrying out certain required tasks.
Speak to our experienced estate planning attorneys today to determine what type of power of attorney you need for your estate plan and what considerations you should make before choosing your agent.
Why Yu & Yu Law?
With our firm, you can be confident that only licensed attorneys will review and draft each of your estate planning documents personally without reliance on secretaries or paralegals. You will also be communicating with your attorney for the entire duration of your case. Our approach ensures maximum quality control and a personal touch for each case made possible only with committed boutique law firms.
For most estate planning cases we are able to provide a flat fee quote after an initial free consultation.
Contact us today and tell us how we can help you and your family.