A financial (or property) power of attorney allows you to designate a trusted person to make decisions on your behalf with respect to the management of your affairs and disposition of your property. This is an especially important estate planning tool if you ever become incapacitated. Without a financial power of attorney prepared by an experienced elder law attorney you may not be able to take advantage of Medicaid planning, which seeks to protect your assets by avoiding a nursing home spend-down. Without a financial power of attorney your family might be forced to seek a court-appointed guardianship so that important and time sensitive decisions can be made on your behalf concerning the ongoing management of your affairs, which is an oftentimes expensive and time-consuming process.
Our attorneys are happy to answer your estate planning questions. Call (215) 886-1881 to schedule your consultation. Or contact us by e-mail and someone from our firm will be in touch with you promptly.
We look forward to helping with your estate planning needs. Contact us today to schedule your consultation.