Durable Power of Attorney for Finances

By giving another person your “Power of Attorney,” you authorize him or her to sign your name and take other actions for you concerning your assets. A “Durable” Power of Attorney remains effective even if you become incapacitated. Typically, a Durable Power of Attorney only becomes effective when you are no longer able to handle your own affairs, although it can become effective any time you choose.

With a Durable power of attorney, you can give a trusted person as little or as much authority over your finances as you like. The person you name is usually called your “agent” or “attorney-in-fact,” though he or she most definitely doesn’t have to be an attorney.

Your agent can handle mundane tasks such as sorting through your mail and depositing your Social Security checks, as well as more complex jobs like watching over your retirement accounts and other investments, or filing your tax returns.

Modern Wealth Law is an estate planning & probate law firm located at 2600 Michelson Dr Suite 950, Irvine, CA 92612 (open in Google Maps). Attorneys John Wong and Tiffany Chiu exclusively practice in estate planning and probate matters with decades of combined experience. John Wong is a California Bar Certified Specialist in Estate Planning & Probate. Call (949) 371-5003 or fill out a contact form to schedule a consultation.

Recent Review:
“Smooth process. Very professional yet warm and inviting! From start to finish, the team was very proactive in facilitating the entire process. Questions were answered in a timely manner, and Tiffany helped us feel at ease the entire time since preparing legal documents can be overwhelming! I highly recommend Modern Wealth Law”
Verified Review on Google by Denise G.

Experienced Orange County Attorney for Durable Power of Attorney for Finances

Each Orange County attorney for Durable Power of Attorney for Finances at Modern Wealth Law focuses exclusively in the area of estate planning and powers of attorney. Modern Wealth Law attorneys prepare customized Durable Power of Attorney documents and other estate planning documents for clients with a wide range of backgrounds, assets and goals. To that end, Modern Wealth Law believes in drafting Durable Power of Attorney documents that you can understand. We will explain the complexities of the estate and gift tax laws and provide you with explanations and instructions to assist you in the continued management of your durable power of attorney. In short, Modern Wealth Law has the experience and expertise to craft Durable Power of Attorney documents and trusts of all levels of sophistication without being cost-prohibitive.

If you are interested in preparing a durable power of attorney for yourself or a loved one, contact our offices at Modern Wealth Law.