Power of Attorney in Los Angeles, California
Los Angeles Estate Planning Lawyer Establishing POA
An integral part of any estate planning plan is that of establishing the power of attorney (POA). Per the State of California Franchise Tax Board (FTB), a power of attorney is the legal document that gives one adult the legal authority to assume responsibility for another. This gives the appointed person the ability to represent the other in regards to taxes, FTB matters, executing settlements, as well as paying everyday expenses, collecting government benefits, making investments and even operating their business.
This is essentially the same responsibilities that are granted when a conservatorship is awarded. The primary difference, and the reason that a POA is often preferred, is that the person who will be taken care of is the one who is making the decision while they are still of sound mind. Instead of a conservatorship being sought after the onset of a disease or disorder, it is a proactive move.
Determining a Power of Attorney: Making Proactive Decisions
If you are looking into estate planning and have questions about establishing a power of attorney, you should not hesitate to contact a lawyer from Cho, Sheasby, Chung & Ignacio, LLP as soon as possible. We know the probate laws that govern these procedures and we are prepared to help our clients in every way possible. Should an event occur where a power of attorney was not established, a Los Angeles conservatorship lawyer from our firm can also step forward to ensure that a conservator is chosen and that the rights of the conservatee are rightfully protected. Call today to discuss your case.
If you would like to learn more about establishing a power of attorney, please contact a Los Angeles estate planning attorney
from our legal team as soon as possible.