Power of Attorney
South Jersey's choice for premier planning services: Price and Price helps families create a power of attorney
While we understand it's unpleasant to contemplate, you may one day be incapacitated or too sick to make your own decisions. Your loved one may one day be unable to make important decisions on his or her own because of a serious condition or disease.
Before such crises arise, New Jersey families should ensure they and their loved ones are protected by creating a document known as a power of attorney. By creating a POA, you appoint a person to take control of your financial affairs if you become incapacitated for any reason.
A major estate planning law firm with a proven track record of helping families in Gloucester, Camden, Burlington and other counties throughout South Jersey, Price and Price, LLC, has helped countless clients create powers of attorney. We encourage you to call us now at 866-270-3513 or request a consultation via Skype or FaceTime. You can also simply complete the contact form on this page to tell us about your circumstances. When you reach out to us, you will find right away that we are caring attorneys who thrive on helping people find smart and effective solutions for their estate planning needs.
What are the 3 different types of powers of attorney?
- Durable: The most broad power of attorney - when your agent controls all your general financial affairs if you are mentally unfit to do so yourself.
- Limited: When your agent only acts on your behalf for one specific reason, such as when you are selling a house out-of-state. Limited power is effective immediately upon the document's signing but could have a designated expiration date.
- Springing: A power that "springs up" at a future time upon the onset of a specific event such as when you are medically incapacitated and need someone to make medical decisions on your behalf.
Who do I choose for my power of attorney?
The agent appointed in your power of attorney will have a big responsibility. Whether it's a family member, a friend, a relative or a lawyer, that person will be trusted to safeguard your best interests. That individual must:
- Respect your wishes
- Not abuse his or her position
- Keep accurate records
- Give you or a third party periodic updates
Most agents are not compensated. While they may be held responsible for intentional misconduct, agents are not liable for unknowingly doing something wrong.
How Price and Price can help
We have helped guide families in South Jersey for more than 40 years. Attorneys at Price and Price have extensive experience helping people throughout the region set up powers of attorney documents. We welcome any questions you might have about estate planning and the legal process.
Price and Price. Personal service. Professional advice.