When you start considering an estate plan, there are many different elements that you should include in that plan. You may want to have a will in place or even a trust, but you should also consider giving a trusted loved one power of attorney. If you don’t grant someone that power over your estate, the court will appoint someone of its choosing. You should hire a Cape Cod power of attorney lawyer to help you establish it correctly.
The legal team at Albanese Law, LLC understands how important it can be to have the right kind of legal support by your side during the estate planning process. The help of someone who understands Cape Cod power of attorney laws cannot be understated. You will want the right lawyer who has experience handling power of attorney cases and can assist you with the power of attorney services you may need.
There are multiple reasons why you should hire a power of attorney lawyer. Arguably, the most important reason is peace of mind. You may be relatively unfamiliar with the process and won’t know where to start. An experienced estate planning lawyer from our firm can help you avoid making costly mistakes. We can guide you through the process, and our founder, Matthew Albanese, can bring a personalized and compassionate approach to your case.
According to recent information from the U.S. Census Bureau, the average household income in Massachusetts is around $101,000 per year. To many, that’s considered a substantial estate.
After a poll of more than 2,500 adults in the U.S., it was found that more than 50% of these individuals had no estate plan in place.
To protect your property and assets, you may want to establish an estate plan that includes a chosen individual with power of attorney over your finances or medical needs. It depends entirely on what you need from this process.
Establishing a strong estate plan can be difficult, especially if you are somewhat reluctant to involve your family in the overall process. It can be hard to discuss your eventual death with your loved ones, but it’s still a conversation that needs to be had. You may want to consider involving a local grief support group, such as GriefShare, in your conversation. They can help you stay on topic.
In the event that you become medically incapacitated and unable to make certain decisions, it can be good to have someone around who can make those decisions for you in ways that you would make them. Be sure to give this power to someone you trust who won’t abuse it. Ultimately, only you can revoke it if you need to.
Here are some of the benefits of establishing a power of attorney:
At Albanese Law, LLC, we can walk you through the power of attorney process. Contact us today to speak to someone about your case.