Establishing a power of attorney is an important component of an effective estate plan. If you are unable to make decisions for yourself, knowing that your care is entrusted to someone who understands your wishes is a comfort. If you are in the process of planning your estate or safeguarding your family’s future, consult McCarthy Law, LLC. Our Cranston, RI power of attorney services deliver personalized solutions that give you peace of mind in elder care or incapacitation.
Benefits Of Having A Power Of Attorney
There are several benefits you can expect from our power of attorney services. Not only will it prioritize your safety and well-being at a time of vulnerability, but it will also alleviate the pressure family members may feel when faced with making medical decisions on your behalf.
The pros of setting up a power of attorney are:
- You can decide who will be your medical and financial advocate when you are unable to speak for yourself
- Every aspect is dictated by you, including which assets they can control and your medical directives
- You will not subjected to a guardianship or conservatorship
- Family disputes can be avoided
- Your assets are protected, and finances are effectively managed
Deciding who will manage your affairs and make medical decisions for you is a very serious choice. Submitting the legal documents for a power of attorney as a preventative message while you are thinking clearly is much more beneficial than making those determinations after a diagnosis.
When To Apply For Power Of Attorney
Applying for power of attorney is a common step in a comprehensive estate plan. You can amend the document in the future or set it to be active during a specific timeframe. This flexibility means you can establish a power of attorney at any point. However, it is advisable to do it when you begin to acquire assets or wealth and while you are of sound mind.
Examples of situations when a Cranston power of attorney may be necessary are:
- Catastrophic injury
- Cognitive decline like dementia or Alzheimer’s
- Coma
- Severe mental illness
If you are incapacitated, you will not be eligible to make legal decisions, and the court may appoint a guardian instead. This alternative is not desirable because you do not have a say over who is selected, and that person may not understand your wishes. In addition, guardianship is expensive, and those costs will deplete your estate, limiting the opportunity to pass on assets or wealth to loved ones.
McCarthy Law, LLC was founded on the concept that people and relationships are of utmost importance. If you need help with Cranston power of attorney services, call our firm today to set up a consultation. We will guide you through the process of completing legal documents while addressing all of your concerns with respect and understanding. Whether you want to protect yourself or your children, our knowledgeable lawyers will review your options and support you in making a choice that aligns with your wishes and goals.