If you are struck by a debilitating illness or injury, you may no longer be able to make decisions for yourself. This is a risk regardless of your age or health. The fact of the matter is that your’ financial and other affairs will continue to require attention as you recuperate. If you have not planned ahead, your loved ones may struggle to provide this attention on your behalf. A power of attorney and a living will are easy steps you can take to prepare for this type of situation, give yourself peace of mind and remove some pressure from your loved ones.
A power of attorney is a legal document that designates another person to make decisions on your behalf. In the context of an estate plan, a power of attorney is usually durable, meaning it remains in effect if you become legally incapacitated. While every power of attorney is different and should be tailored to meet your needs, in case of your incapacity, most such documents give your agent the power to:
Access bank accounts
File tax returns
Powers of attorney help avoid the waste and financial damage that can come from an estate being mismanaged or neglected during a period of incapacity. Since these documents remain in effect even after you become incapacitated, they spare your family from having to go through the difficulty of establishing a formal legal guardianship. However, a power of attorney can only be executed prior to incapacity, so it is important to have one established regardless of your age or health condition.
A living will allows you to clearly articulate your wishes regarding end-of-life care and other medical issues. It grants authority to one of your family members, friends or loved ones to make healthcare decisions on your behalf should you become unable to do so. This is a personal process that requires a great deal of reflection and discussion with your family. However, our attorneys can help you understand the legal side of these documents and clearly memorialize your wishes in a legally sufficient form.
There is no time like the present to prepare for the future. When you need skilled legal representation for your loved ones, come to Sherman Law Offices for our assistance. Contact us today at 856-769-5711.
"Bruce Sherman's services are of the highest quality and I strongly recommend his practice to anyone needing representation. Bruce and his staff are hardworking professionals that are focused on each individual case while making the client's experience positive during their time of need. It is not only because of their communication, responsiveness, quality of work, and value of service provided that I highly recommend Bruce and his staff, but also because of his attention to detail."
"Bruce Sherman is a very knowledgeable attorney, who made sure he had my best interest during the entire process. I am beyond proud of my representation. Mr. Sherman did exactly what I needed done and gave me the more than perfect results I requested. I highly recommend his services and will continue to use him as my attorney for years to come."
"Bruce is an excellent attorney--very thorough and on top of your particular situation. Would recommend him without reservations."
"Josh has painstakingly worked through our case and has gotten the results needed to protect our family. He is dedicated, meticulous, and patient. He spends many hours speaking with us, compiling information, and he makes the right decisions for our case. In the courtroom he is professional, knowledgeable, and direct. Our case is complicated however his level of expertise is getting the results needed for our family. I would highly recommend Josh to anyone. He has been an invaluable asset throughout this process."
"I have had the privilege of working with Josh Sherman on a legal case. Josh extrapolates the details in an organized fashion to develop a case in a timely and efficient manner. He provides case law that any judge would be compelled to uphold. Josh is not only an eloquent writer, but he is quick on his feet in the courtroom. Over the years, I have had to seek legal counsel. I wish I knew Josh then. I highly recommend Josh Sherman. He will take you under his wing and provide you with the best legal counsel."
Mailing Address: P.O. Box 325, Woodstown, NJ 08098