Who Will Make Financial Decisions If You Cannot?
If you are unavailable or incapacitated, who will make important financial decisions? Who will be authorized to sign documents and act in your stead? At the Hamilton Law Office in Sudbury, Massachusetts, we can help you prepare the necessary durable powers of attorney.
Durable Powers of Attorney ∙ A Guard Against Incapacity
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You may be out of the country and need someone you can trust to sign legal documents for you. You may be incapacitated by illness and someone else will need to manage your financial and business affairs.
- If no one is designated to manage your financial affairs, your family or business may need to set up a guardianship. This takes time, costs money, clogs up the court system and can be disruptive to both your family and the business. A durable power of attorney guards against delays like these that can be harmful.
- By selecting the person or persons you want to handle financial matters for you, you will be able, in advance, to give precise instructions. You will not run the risk of a court assigning someone you may not be comfortable with as your guardian.
- In Massachusetts, a durable power of attorney will not allow someone to handle health care decisions for you. For health care decisions, you will need a health care proxy.
- A durable power of attorney can be an important addition to an estate plan that includes a will and other documents to protect and distribute your assets.
Because attorney Stuart Hamilton focuses his entire practice on estate planning, he has an in-depth knowledge of the tools you need for an effective estate plan. An experienced lawyer can help you select people you trust to manage your affairs when you cannot; contact the Hamilton Law Office today.