Morris County & Bergen County Powers of Attorney Assistance
A well-conceived estate plan will ultimately preserve your legacy and protect your loved ones. At the same time, it is crucial to consider how unexpected circumstances — such as a serious illness or injury — could disrupt your plans. By putting in place the necessary powers of attorney, you can rest assured that your affairs will be properly managed and your healthcare needs will be met. In the long run, the surest way to achieve all of your goals is by working with the right estate planning attorney.
At E.A. Goodman Law, we are keenly aware that no one wants to think about dying or the possibility of becoming incapacitated. Planning for the inevitable or such misfortune is the only responsible thing to do for yourself and your loved ones, however. We know how to prepare the necessary powers of attorney and other documents that will facilitate seamless transitions when you are incapable of making your own financial and medical decisions.
Planning for Incapacity is Vital
Life is unpredictable and a car accident or serious illness can strike without warning, leaving anyone unable to make even basic decisions independently. But failing to take the necessary measures to plan for such circumstances can have serious consequences. First, not having powers of attorney in place could jeopardize your estate. Additionally, your loved ones will need to go to court to obtain permission to act on your behalf — a tremendous burden during such a trying time. Moreover, disputes among family members could become a protracted and expensive legal battle. In some cases, the court may even intervene by appointing a guardian or conservator whose decisions may not agree with your wishes.
With so much at stake, it is crucial to turn to E.A. Goodman Law. We will take the time to understand your financial circumstances and family dynamics and create the necessary powers of attorney.
What Types of Powers of Attorney Should My Estate Plan Include?
A power of attorney names a trusted person to act as your agent if you lose the ability to make critical decisions. The essential documents that need to be created include:
- Durable Financial Power of Attorney — This document designates a representative, typically a spouse, a trusted family member, or a friend – to make financial decisions concerning your bank and investment accounts and other financial matters. Your agent has the power to sign your name for financial purposes, manage your accounts, pay your bills, invest your assets, and the like. The person you appoint must be trustworthy and capable of taking on these responsibilities.
- Advance Medical Directive — Also known as a power of attorney for health care, this document names a trusted person to act as your agent regarding your health care interests. The individual you select will have the authority to coordinate your medical needs with your doctors and ensure you receive the type of care you prefer.
- Do Not Resuscitate Order (DNR) — This document alerts doctors, nurses and emergency personnel that cardiopulmonary resuscitation (CPR) should not be used to keep you alive in case of a medical emergency. A DNR is frequently used along with other advance medical directives by those who are critically ill and prefer not to receive life sustaining treatment.
- HIPAA Release Authorization — The Health Insurance Portability and Accountability Act (HIPAA) is a federal law designed to protect a person’s private health information and medical records. The law requires the completion of a HIPAA authorization to release such information to outside organizations, agents, successor trustees, family members and other designees.
Ultimately, completing a HIPAA Authorization will ensure that your agent and loved ones have access to critical information about your condition.
Why Choose E.A. Goodman Law?
We can help to relieve your concerns by creating powers of attorney that will keep your estate plan on the right track and ensure that your assets and your loved ones are protected. Our team also creates powers of attorney as part of a comprehensive business succession plan. When you work with our dedicated legal team, you can rest assured that your financial affairs will be properly managed and that the medical care you prefer to receive will be provided. You will also relieve loved ones of the burden of going to court to obtain the authority to assume these decision making responsibilities.
Of course, working through these issues can be challenging, which is why we will offer you knowledge, compassion, and the personal attention you deserve. We are different from many other law firms because your legacy matters to us. Above all, we will always put your best interests first. When it comes to wealth preservation and asset protection, E.A. Goodman Law is the informed choice in estate planning. Call our office today or complete the convenient online contact form to set up a consultation.