A Troy, MI power of attorney specialist can help you plan your future. At Gudeman & Associates, P.C., our team has over 100 years of combined experience. Now it’s time to use that experience to help you. With an A+ rating with the BBB and a diverse skillset in estate planning, business, and real estate, Gudeman & Associates, P.C. is standing by to help you establish power of attorney and keep your assets safe.
Most people assume estate planning is only for the super wealthy (or super elderly), but that couldn’t be further than the truth. No matter where you are in life, it’s important to be prepared, and it’s important to build a roadmap for your family and friends. Read on, and see why a power of attorney can make all the difference.
What Is A Power Of Attorney?
A power of attorney is a legally-binding document that allows someone else to act on your behalf. Translated from legalese, a power of attorney grants someone to take over your financial or legal affairs if you’re suddenly unable to do so yourself. Obviously, this is a lot of responsibility, and obviously, you have to be very careful about who gets power of attorney.
When you meet with a Troy, MI power of attorney specialist from our office, you’re getting a trusted legal advisor who can help you understand your options. With our input, you can grant power of attorney to the right person, and you can make sure that the power of attorney is watertight.
Why Do I Need A Power Of Attorney?
Everyone ages, and no matter how hard we try, we do end up slowing down a little with time. A power of attorney ensures that your best wishes are honored, even when you’re no longer capable of executing financial or legal decisions yourself. For example, think of an individual in a coma after an accident, or a person with a family history of Alzheimer’s. They may not be cognizant for any major decisions about their estate or legal affairs, so whoever has the power of attorney can step in.
What Is Guardianship?
A power of attorney ensures you’ll be looked after if you’re no longer able to look after yourself. But what happens if you have dependents? If you have children, adult relatives with disabilities, or elderly parents or grandparents who are depending on you to maintain their wellbeing, establishing guardianship can ensure they’re cared for when you can’t maintain the same level of care yourself.
There are two types of guardians. Guardians of the person are responsible for the physical wellbeing of their ward. On the other hand, a guardian of the estate solely keeps track of finances and assets. Your legal team can help you establish guardianship, and prepare for the future.
Contact Gudeman & Associates, P.C. Today
At Gudeman & Associates, P.C., we’re committed to making sure you know all of your options when you’re planning your estate. There are many factors to keep track of when you’re planning for tomorrow, and our team can help you manage the entire process. Get in touch with us today, and see how a Troy power of attorney specialist from our office can help.
