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Some estate planning documents—such as a will—are eventually used. Other estate planning documents—such as a durable power of attorney—may never be used. However, valuable peace of mind comes with having such a document in place. Think of a durable power of attorney as an emergency insurance provision, something your family may never use but will be grateful you have if it is ever needed.
By establishing a power of attorney, you are appointing someone to make decisions on your behalf. Call the law firm of Haines & Yost today at 732-240-4900 to arrange your consultation with one of our lawyers. Or, you can email us and someone will be in touch with you promptly.
In partnership with our elder law practice, Haines & Yost provides comprehensive estate planning guidance to individuals and families throughout Ocean County. Our attorneys offer attentive and responsive services as we discuss your estate planning needs. We answer any questions you may have and develop an estate plan that fully considers your needs. Many clients are interested in learning more about powers of attorney and how establishing this instrument may help them and their family. A powerful element of a durable power of attorney is that it can be designed to the specific needs of the persons involved, ranging from broad when necessary to narrowly tailored for the circumstance.
A financial power of attorney may be established for people who have Alzheimer's, dementia or another condition that prevents them from making decisions or remembering to pay bills. A financial power of attorney may authorize a trusted family member or friend to handle financial matters, including balancing checkbooks, paying bills and handling business transactions.
A medical power of attorney is established for critical medical decisions. These decisions can involve life support, ventilators, feeding tubes and medical procedures.
Our firm can speak with you about your options regarding choices for powers of attorney. The same person may hold both financial and medical powers of attorney, or different persons may be granted the authority. Depending on the complexity of your affairs, you could allow one person authority to manage your checking account and another to manage investments or business accounts.
Because the person you name becomes your agent and has complete authority to make decisions in your place, we encourage clients to choose trusted family members or friends who will have your best interests in mind. It may also be advisable to choose a person who makes decisions similar to yours. You can appoint your spouse, son, daughter, grandchild, lifelong friend or anyone else you trust to make important decisions on your behalf.
The law firm of Haines & Yost looks forward to speaking with you about your legal needs. Contact us to schedule your consultation.
Haines & Yost
Attorneys at Law
214 Washington Street
Toms River, NJ 08753-7566
Map and Directions
Telephone: 732-240-4900
Fax: 732-240-4830
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The law firm of Haines & Yost is located in Toms River, New Jersey. Our attorneys represent individuals and businesses throughout all Ocean County communities, including Dover Township, Brick Township, Jackson, Manchester, Berkeley, Forked River, Lacey, Ocean, Barnegat, Stafford, Little Egg Harbor, Long Beach Island, Seaside Heights, Seaside Park, Lavallette, Bay Head, Manahawkin and Mantoloking.
The information you obtain at this site is not, nor is it intended tobe, legal advice. You should consult an attorney for individual advice regarding your own situation.
Copyright © 2010 by Haines & Yost. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement.