By Fredrick P. Niemann, Esq. a New Jersey Power of Attorney Lawyer

Estate planning is an essential part of any analysis. Many people believe estate planning is only for the wealthy; a belief that is simply not true. You should have an estate plan to dictate your final wishes. An estate plan allows you to decide how your assets are distributed, both during your lifetime and at your death. Your estate plan should be structured to achieve your personal objectives and maximize wealth passed on to heirs and charities, while minimizing taxes and other expenses.

A durable power of attorney for health care is a document that lets you appoint another person to make medical decisions on your behalf if you become unable to make those decisions yourself. This document may resolve any potential conflicts over your medical treatment, and helps ensure your wishes are respected. Unlike a living will, this document covers a broad range of health care decisions.

 

Durable Power of Attorney for Finances

A durable power of attorney is a document that allows you to appoint another person or persons to manage your affairs and make financial decisions on your behalf. Unless the power of attorney has “springing” provisions, it is generally effective once it is signed. It is important to include a durability provision to have these powers continue if you become incapacitated or mentally incompetent; otherwise, its powers will cease. A general power of attorney may give your chosen attorney extensive powers over your affairs, or you may consider a special power of attorney limited to specifically defined tasks.

Contact me personally today to discuss your Power of Attorney and living Will. I am east to talk to, very approachable and can offer you practical, legal ways to handle your concerns. You can reach me toll free at (855) 376-5291 or e-mail me at fniemann@hnlawfirm.com.