FOLSOM POWER OF ATTORNEY GRANITE BAY

ESTATE PLANNING

FINANCIAL POWER OF ATTORNEY

Folsom Power of Attorney

We offer customized legal solutions that take our client’s needs and objectives into account

California estate planner skilled in drafting powers of attorney

What is a Power of Attorney?

A power of attorney is a document through which you designate another person, or agent, to act on your behalf in very specific situations. This document is used in circumstances where a health care decision must be made or a financial transaction completed, but you incapacitated or unavailable to handle the matter yourself. Once you have given a power of attorney to someone, you may later revoke it.

Folsom power of attorney – The attorneys at Mayer & Young, PC offer two different types of powers of attorney:  a limited power of attorney and a durable power of attorney.

Limited Power of Attorney

A limited power of attorney provides you with the ability to grant a restricted set of powers to an agent.  The powers granted may be broad or narrow, and you direct what the document should include.  As an example, a limited power of attorney can be used to allow another person to sign your tax returns, or to act on your behalf by running your business or by paying your bills.

Durable Power of Attorney

A durable power of attorney grants very broad powers to your agent to exercise any power that you would have yourself, which can either start at signing or in the event that you become incapacitated.  Essentially, this document grants another person the power to represent your interests and sign on your behalf during any period of your incapacity.  With a durable power of attorney, your agent may act for you by purchasing or selling assets, including stocks and bonds or real estate, or access your bank account to pay monthly bills.  In cases where a person becomes incapacitated without a durable power of attorney, a conservatorship proceeding may be necessary to handle their affairs.

A durable power of attorney is included as part of the comprehensive estate plan drafted by the attorneys at Mayer & Young, PC.

Folsom power of attorney – If you are interested in learning more about powers of attorney or would like an estate plan, please contact us at (916) 631-1996 for a free consultation.

Recommended Estate Planning Articles

Estate Planning (Part 2): Other Estate Planning Tools

As we wrote in part one of our estate planning series, estate planning is a method of organizing your affairs. A thoughtful estate plan can make one’s passing less stressful...Read More

Estate Planning is for Everyone (Part 1): Wills and Trusts

What is estate planning? Estate planning is a method of organizing your affairs and assets. You do not need to be wealthy to have assets to organize.  Estate planning is...Read More

OUR ESTATE PLANNING PRACTICE AREAS

Learn how our law firm can help you today!

Wills & Trusts
Advance Health Care Directive
Power of Attorney