There are few things more important than planning for the future. Among the most important estate planning documents are powers of attorney, and if you are someone who is currently creating your estate plan, you should strongly consider speaking with an experienced Bergen County, New Jersey power of attorney lawyer right here at HD Family Law. Contact us today to learn more about these documents and how they can benefit you.
Power of Attorney Lawyer in Bergen County, New Jersey | Serving NY & NJ
Powers of attorney are among the critical estate planning documents, and as with all other estate planning matters, it is best not to create a power of attorney without a competent attorney in your corner.
This is especially important when planning to create a Power of Attorney giving certain rights to your eventual caregiver as a senior. For more information click here.
Different Types of Powers of Attorney
Here in New Jersey, there are a wide array of powers of attorney that a person can create, each serving different purposes. Just some of the most common types of powers of attorney and their meanings are as follows:
- General Power of Attorney: In a general power of attorney, a person (known as the principal) can appoint an agent to handle certain transactions on their behalf. This can include filing taxes, bank transactions, executing contracts, and more. General powers of attorney typically end once the individual becomes incapacitated.
- Durable Power of Attorney: A durable power of attorney is one where the agent’s authority to make certain financial transactions or medical decisions on behalf of the principal continues even after incapacitation.
- Limited Power of Attorney: This type of power of attorney only gives the agent authority to make certain decisions or take certain actions on behalf of a principal, such as paying bills.
- Springing Power of Attorney: Springing powers of attorney only take effect when a triggering event occurs. This triggering event is clearly specified in the power of attorney. The most common triggering event is a person becoming incapacitated.
Advance Healthcare Directives
An advance healthcare directive is a document you can draft that will give a person you trust the authority to make certain medical or end-of-life decisions on your behalf, such as those concerning ventilators, life-support, and more. Of course, no one wants to think about this, having a plan in place can go a long way.
In New Jersey, you can nominate one healthcare proxy to be your healthcare representative (though you may list backups in case that person is not available at the time). You can also create a living will, which will specify your wishes for end-of-life treatment. In many cases, we will craft a combined directive, which is a comprehensive healthcare directive that establishes a healthcare proxy and details your wishes for medical treatment.
Contact Our Bergen County Power of Attorney Lawyer Today
Our Bergen County, New Jersey power of attorney lawyer has years of experience representing clients looking to form comprehensive estate plans, and our firm is here to put this experience to work for you. Contact HD Family Law today to schedule your initial consultation with our legal team.