During the estate planning process, you can not only make decisions about how you would like certain matters to be handled after your death, but you can also address what you want to happen during your lifetime. While the creation of a trust can allow you to provide for your financial needs, you may also want to specify how decisions will be made for you if you cannot make them yourself. Powers of attorney allow you to do so, and they can be powerful tools that can give you the peace of mind that your wishes will be followed in the event you become incapacitated or unable to make decisions for yourself. At SBK Law Group, our lawyers have more than 25 years of combined experience, and we will help you understand your options while making sure your estate planning documents are executed properly. We can help you create a comprehensive estate plan that fully addresses your concerns and gives you the certainty that your needs will be provided for.
If you are concerned that you may ever become incapacitated and unable to make decisions for yourself, you can create a legal agreement naming someone who is authorized to make decisions for you. Creating a power of attorney will name an “agent” who can make decisions on your behalf. This type of legal agreement can be broad and open-ended, giving your agent the authority to make any decisions they believe would be in your best interests, or it can be specific, only allowing your agent to make certain decisions in certain areas. In many cases, a power of attorney will be “durable,” meaning the agreement will remain in effect if you are considered incapacitated. There are two separate types of powers of attorney that can address different aspects of your life:
Powers of attorney will allow you to place someone you trust in control of the important decisions in your life, and you can provide them with instructions on what you do or do not want them to do. These types of agreements can also be beneficial for those who have special needs, since by using a power of attorney, a person and their caretaker(s) can avoid the need for guardianship and court oversight over the decisions made on their behalf.
If you want to make sure the right decisions will be made for you in the event you cannot make decisions for yourself, the attorneys of SBK Law Group can help you create a power of attorney agreement that meets your needs. To learn more about how we can assist in developing your estate plan, contact us online or by calling 630-427-4407. We serve clients in DuPage County, Kane County, Kendall County, Will County, and Cook County.