Would you rather take a small step to prevent a crisis or spend a lot of time, money and concern to fix it? If you understand the benefits of thinking proactively to prevent a crisis, then the answer is probably, yes. A power of attorney can be a very useful tool in estate planning.
There are many types of power of attorney:
The most common is a durable financial power of attorney, which allows another person to act on your behalf to pay bills and manage your accounts and assets.
A durable medical power of attorney is when you designate a family member or other individual to make medical decisions for you. This does not go into effect until you say it does or the doctor says it does, meaning you are incapacitated and can no longer make medical decisions.
What happens if you don't have a power of attorney in place? You do not want your loved ones to be forced to seek a guardianship. A guardianship is expensive to establish and expensive to maintain.
Since 1986, James P. Peterson Attorney at Law has been working in Texas efficiently and effectively for individuals seeking legal guidance with a power of attorney. You will appreciate how he strives to find the best — and also affordable — solution possible for you.
James P. Peterson Attorney at Law offers free consultations. Please call the firm in San Antonio at 210-943-9505 to directly speak with a lawyer. If you prefer, you also have the option of contacting him via email.