Power of Attorney Paris IL – Bates Law Office – 501 Jackson Avenue – Suite 2031 – Charleston IL – Call 217-512-1847
Planning for the care of your loved ones after you’re gone or unable to make wise decisions regarding your financial matters is an important consideration. Creating a sound estate plan is an excellent way of taking control over your affairs so that your intentions will be carried out as you want them to be. Part of estate planning involves Power of Attorney Paris IL. A power of attorney is a legal document which provides another individual with the capability to issue decisions for you in the event you are incapacitated and cannot do so.
Power of Attorney Paris IL
Not all Power of Attorney Paris IL arrangements are the same. There are different versions depending upon your particular needs. The type you select is relevant because it decides when the person’s authority actually takes effect and when it stops too. For example, non-durable powers of attorney revoke automatically if you suffer mental or physical incapacitation. This is why you might prefer to give your agent with what’s known as durable powers of attorney. It stays in effect even in the event you become incapacitated.
Note that you can make changes to your Power of Attorney Paris IL document whenever you wish to. If you choose to revoke or make alterations to your power of attorney, be sure to let any parties that may depend on it know as soon as possible. If you do not offer any notice, they may reasonably depend upon the old document and you could be bound to that agent’s actions.
Call the Bates Law Office to speak with a lawyer about power of attorney and how it may apply to your estate planning situation and goals. Reach us at 217-512-1847.
