Durable powers of attorney have a similar function when compared with a health care power of attorney. However, a California durable POA only relates to financial decisions, and does not give anyone authority over any of your health care decisions. In establishing a durable power of attorney in California, you may wish to work with an experienced estate planning lawyer like those in our Pasadena office.
A general power of attorney for finance enables someone else to manage financial matters on your behalf if you’re unable to do so yourself. This can allow someone else with a significant amount of responsibility and discretion, which is why it is so important to pick someone who acts in your best interest and someone in whom you can place a great deal of trust. You also want to think about someone who is capable of handling the responsibility of all the assets you’ve accumulated during your life.
Think about someone who is local, who do you trust with your finances, whether or not they’ll be effective in communicating with anyone caring for you physically, and who is best suited to the required tasks? If you’re concerned about how to start this process effectively, it’s best to sit down and make a shortlist of people who you believe could be your power of attorney agent. Discussing your options with the right lawyer can help you determine the best course of action for your personal plans.
At the offices of our Pasadena estate planning lawyers, we know how to work with clients to help you identify the people to help you and the tools to use when creating your estate. Discuss your options in a meeting with us to kickstart your planning process.
