Drafting Powers of Attorney in Rancho Cucamonga

Keep Your Financial Affairs in Order with a Power of Attorney

To allow a person you trust to have control over your financial affairs, it is important to create a notarized power of attorney. This document gives a person you trust the right to take charge of your finances only if you become unable to do so, whether due to a medical emergency, a military deployment, or other incapacitation such as a mental disability.

Why You Might Need a Power of Attorney

A power of attorney is a legal document that grants someone else the authority to act on your behalf in various legal, financial, and medical matters. While the thought of giving someone else such power might seem daunting, there are several situations where having a power of attorney can be incredibly beneficial:

• Incapacity: None of us can predict the future, and unexpected events such as accidents or illnesses can leave us unable to make decisions for ourselves. In such situations, a power of attorney allows someone you trust to step in and make important decisions on your behalf, ensuring your affairs are properly managed.
• Travel: If you frequently travel for work or leisure, having a power of attorney can provide peace of mind. In case an urgent matter arises while you're away, your designated agent can handle it without delay, saving you from potential complications.
• Business Matters: If you own a business or have investments, a power of attorney can be invaluable. Your agent can manage your business affairs, sign contracts, and make financial decisions on your behalf, ensuring continuity and protection of your interests.
• Elderly Parents: As our loved ones age, they may require assistance with managing their affairs. A power of attorney allows you to step in and handle financial, legal, and healthcare decisions for your elderly parents, ensuring their needs are met and their wishes respected.
• Military Deployment: Military personnel often face extended periods away from home during deployment. Granting a power of attorney to a trusted individual enables them to handle important matters back home, such as paying bills, managing finances, or making healthcare decisions for you or your family.

In all these scenarios, having a power of attorney can provide invaluable protection and assistance, ensuring your affairs are managed according to your wishes even when you're unable to do so yourself. It's a proactive step toward safeguarding your interests and ensuring peace of mind for you and your loved ones.

Types of Powers of Attorney

Our Rancho Cucamonga estate planning lawyer helps clients with the following types of powers of attorney:

• Durable: This power of attorney allows someone to act in the place of another person for all financial decisions
• Limited: This form of power of attorney is put in place for a single, specific duty. After this task is accomplished, the power of attorney is no longer valid
• General: A general power of attorney allows an agent to act on your behalf in financial affairs if you were to become unable to do so

An agent named in a power of attorney is able to complete financial transactions including buying and selling real estate, handling taxes, completing bank transactions, and more. These different types of powers of attorney allow you to grant specific levels of control to your agent.

To learn more about what an agent's role would be, don't hesitate to contact our firm today. Our Rancho Cucamonga power of attorney lawyer is ready to serve you.

Requirements for a Power of Attorney in California

In the state of California, a POA can only be created by a principal who:

• Is at least 18 years old
• Has legal capacity to enter a contract

Most POAs require signatures from two witnesses to the principal's signature, or a legal notary. Any witnesses cannot also be the POA's agent or employees of your healthcare provider.

California's Probate Code offers official forms for both financial and healthcare powers of attorney. However, it is highly recommended to obtain a personalized and thorough document from a power of attorney lawyer.

Call Nguyen Law Group for Skilled Legal Support. Your First Consultation Is Free!

With our estate planning lawyer on your side, you can draft a legal and notarized power of attorney to ensure that your wishes are carried out when needed in the future. We have years of experience serving clients across the community with exceptional and personalized legal support through all types of estate planning matters. Don't hesitate to contact us. We are always available and get back to all calls and emails within 24 hours.

Call our Rancho Cucamonga attorney today at (909) 328-6280 for a free consultation.